Justfrank i know that but wouldn't 70 be head and 60 neckline in which case that would form H&S Top (reversal of uptrend) to downtrend ? where right shoulder to be formed yet ? Take a look at the chart if you don't mind. I guess it could go either way but since channel has broken i would think dowtrend would be more probable. Your thougths ?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.