$ROP 4 month #HeadandShoulders Top #ChartPattern

NYSE:ROP is forming a possible 4 month head and shoulders top chart pattern with a $382 price level acting as chart pattern neckline. A clear daily close below that level will confirm the chart pattern and trigger a short trade entry. Notice how a close below the neckline will also break the 200 MA adding to the importance of that breakdown. Possible chart pattern price target has been added to the chart.
A close above $410 (right shoulder) will negate the chart pattern.

Order cancelled:

closed above right shoulder. not a H&S setup anymore.