The stock is forming the right shoulder of an inverted head and shoulders pattern after a higher low. The price is holding above the 200 EMA, volumes are stabilizing, and sellers are weakening. A breakout and consolidation of the neckline will confirm the trend reversal.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.