Potential inverse H&S breakout.
The depth of head from neckline is over 10 points.
So, a textbook break out target is near 33ish. Which is over 50% profit.
Other factors to consider:
Short Percent of Float => 64.58 %
Short Interest Ratio (Days To Cover) => 5.4
Trading above 20, 50, 100 SMA on daily.
MACD positive and expanding.
RSI bullish.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
The depth of head from neckline is over 10 points.
So, a textbook break out target is near 33ish. Which is over 50% profit.
Other factors to consider:
Short Percent of Float => 64.58 %
Short Interest Ratio (Days To Cover) => 5.4
Trading above 20, 50, 100 SMA on daily.
MACD positive and expanding.
RSI bullish.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Comment:
It may see resistance near 200 SMA. Beyond that there isn't much until 31+
Trade active:
20.25