The counter formed head and shoulder pattern and broke the neckline.
It made a significant down move yesterday validating the break.
Now, it is retreating to test the broken line which is a good short entry point.
Hence, we advise traders to go short and expect a decent downtick.
It made a significant down move yesterday validating the break.
Now, it is retreating to test the broken line which is a good short entry point.
Hence, we advise traders to go short and expect a decent downtick.