SWK - Head and shoulders

NYSE:SWK   Stanley Black & Decker, Inc.
On this chart, we can see a head and shoulders-formation and we are therefore waiting for a breakout of the neckline, to take our short position.

Stop-loss, target and ROI are all shown on the chart.

The target for this trade equals the earlier support level.
In this case, it shows that during the last half year, it has formed into a multiple bottom, and our current target as bears, would be a good entry for the possible uptrend afterwards.
Trade active:
Wait patiently for the price to reach the target.

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