pimpfreud

VXR: Head and Shoulder Pattern + Death Cross + Descending Tri

Short
ASX:VXR   None
Unless something fundamentally changes the stock isn't looking healthy. Low volume signaling a large movement about to occur within a bearish descending triangle and with the stock trending under 200 EMA. This is after completing a bearish H&S pattern. However, it is to be noted that the SMAs are building towards bullish momentum, so a close eye must be maintained for any anns that will reverse the tide down.

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.