A failed ABC pattern can become a Head and shoulders pattern. I am not saying this one has failed yet, but it has not proceeded to an uptrend like it should do yet. Keep an eye on support lines
To become a H&S pattern it would have to break the neckline of 49.42 (which is C) in a strong downtrend
I like this stock and am hoping this does not happen
Short interest is on the high side. I would definitely keep a stop on this one right under C..or right under support levels..or just watch it closely.
Possible Targets 2 121.5 to 130
Not a recommendation
To become a H&S pattern it would have to break the neckline of 49.42 (which is C) in a strong downtrend
I like this stock and am hoping this does not happen
Short interest is on the high side. I would definitely keep a stop on this one right under C..or right under support levels..or just watch it closely.
Possible Targets 2 121.5 to 130
Not a recommendation
Comment:
This is looking more bullish..may be okay after all