Amazingpowerpatternguy

VIPS- Head And Shoulders Top Forming?

NYSE:VIPS   VIPSHOP HLDGS LTD
34 1 0
As you can see, overall this issue is starting to get that look. The look of a Head And Shoulders top formation with this issue currently in right Shoulder build out mode (Pink bear Channel). Until it breaks (IF) to the downside of the potential right shoulder there is nothing to talk about, just watch. The other scenario to be on the lookout for is that of a retest of highs, but then that could be construed as a potential double top in the making just like BIDU             recently did.
8:49 CST Well that was quick! BAMM!
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