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Monday, September 03, 2018 10:43:38 AM
Daily Chart: Huge Inverse Head and Shoulders Pattern
...PPS is just below the neckline
...and also a huge spike in Accum/Dist line
Explanation for Inverse Head And Shoulders pattern and price targets:
1) https://www.investopedia.com/terms/i/inverseheadandshoulders.asp
2) https://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_bottom_reversal
3) https://dailypriceaction.com/forex-beginners/inverse-head-shoulders-pattern
Long-term price target is the neckline ($1.55) plus the distance between the head and the neckline ($0.95)...
$1.55 + $0.95 = $2.50
...if a sustainable BREAKOUT happens...
I AM LONG WMIH, NO INVESTMENT ADVICE!
...PPS is just below the neckline
...and also a huge spike in Accum/Dist line
Explanation for Inverse Head And Shoulders pattern and price targets:
1) https://www.investopedia.com/terms/i/inverseheadandshoulders.asp
2) https://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_bottom_reversal
3) https://dailypriceaction.com/forex-beginners/inverse-head-shoulders-pattern
Long-term price target is the neckline ($1.55) plus the distance between the head and the neckline ($0.95)...
$1.55 + $0.95 = $2.50
...if a sustainable BREAKOUT happens...
I AM LONG WMIH, NO INVESTMENT ADVICE!
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- Just my personal opinion, no investment advice! -
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