Head and Shoulders Be Safe! Earnings 5-18
Earnings 5-18 After market Close (AMC)
Head 214.91
Left shoulder 180.60
Right shoulder 186.2
Be safe and go with your gut. Ugly tops do not always do well in a bull market. This would need to break neckline in a confirmed downtrend to become a bearish choice.
Sometimes pull backs are wonderful, sometimes they are not. This is one I would be careful about,. They may beat earnings and be back at old high. They can beat earnings and go down anyway. They could miss earnings and go up or down. Too many choices for my little brain when I look at this chart )o:
No recommendation
The neckline is strong support until broken, once broken it becomes resistance.
Head 214.91
Left shoulder 180.60
Right shoulder 186.2
Be safe and go with your gut. Ugly tops do not always do well in a bull market. This would need to break neckline in a confirmed downtrend to become a bearish choice.
Sometimes pull backs are wonderful, sometimes they are not. This is one I would be careful about,. They may beat earnings and be back at old high. They can beat earnings and go down anyway. They could miss earnings and go up or down. Too many choices for my little brain when I look at this chart )o:
No recommendation
The neckline is strong support until broken, once broken it becomes resistance.
Comment:
TTWO is taking a shot at breaking the resistance of the right shoulder. The resistance there is not giving in as of yet, but I check this one daily to see which will win this battle, the head and shoulders pattern or the momentum of TTWO (O: