Inverse H&S at Warpaint. Bullish reversal?Inverse head and shoulders at Warpaint. Is this going to lead to a bullish reversal?
Good move today plus good volume.
WPNTF trade ideas
Warpaint London W7L - Contrarian LongWarpaint London W7L - Long
Double bottom with RSI divergence.
Bullish weekly candle backed up with volume.
Good risk / reward.
Warpaint London W7L - Possible LongAnother interesting UK small cap to keep an eye on, for a possible long.
This is a counter trend trade, however we think the shares are now undervalued on a fundamental basis.
Technical -
Bullish candle on weekly chart.
RSI in over sold territory but now starting to turn upward.
Great risk to reward of 1/3 before it would be facing resistance from the last big sell off.
