jacobjwilson42

jacobjwilson42

Being new to this kind of stock analysis, looking for pointers. My analysis: I see a couple of things going on here. Clearly a Head & Shoulders pattern into a downtrend. I see resistance at the bottom and some indication of reversal into an upswing back towards the $8.50 range. Thoughts?

jacobjwilson42

The Head & Shoulders pattern failed to break the neck line indicating a false positive to complete the downturn indication. All signs point to an up trend at this point in my book.