Anbat

EBF- Head & Shoulder Chart Pattern

Short
NYSE:EBF   Ennis, Inc
Please refer to chart for more details, earnings scheduled for 3/23/18. When PA breaks neckline of H&S pattern, in my opinion price will go down to $17.00 - $17.50 area (which is measurement of Bottom to Top of Head area on chart). Very good example of this chart pattern. The last three daily candlesticks have already shown a downward or bearish move from $20.50 (which appears to be resistance too)... continue to watch at this time. Good Luck!!