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tylenisbobas

ORA with inverse Head and shoulders

ORANGE (EURONEXT:ORA)  
tylenisbobas Updated   
EURONEXT:ORA   ORANGE
Chart Patterns
1
0
chartpattern
We see what appears to be head and shoulders pattern.
If break above neckline happens, a long position can be made with a target +9.
Comment:
The price just hit the neckline of the Head and shoulder pattern and got rejected. That is a signal of weakness and the price is likely to go further down
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