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Antonio_trader
Oct 17, 2019 11:40 AM

Motorola Solutions head and shoulders 

Motorola Solutions, Inc.NYSE

Description

Price forming a H&S pattern with divergence on RSI. If the right shoulder starts falling soon, then we can enter now with great risk-reward. Adding another short on the break of the neckline.
Weekly level shows resistance right on the 78.6% fib level from the all-time highs (see below).
Price targets of banks and investment funds are below $120 at least, so probability of price falling is high. Wait for impulsive move down first.

Good Luck!

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Weekly view of the Fib level
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