Head&Shoulders Complex

Dec 31, 2017

Forming since Apr17. Inverse HS on hourly provides opportunity to short from ≈ $90/ 7% higher frrm current price. Initial PT ≈ $60

Decreasing revenue, net income & increasing debt. P/E & P/S make it very expensive

Jan 26, 2018

Note

The previous Head and shoulders pattern has been rejected, BUT does still indicate potential change in pattern direction.

Pattern has developed into Broadening Top pattern which suggests lack of stewardship or significant confidence and direction from large investors/ institutions and ultimately still bearish.