Do you see the dip on the chart to 52 cent on Feb. 12? look to the left of that dip, that is the left shoulder, now look to the right of the dip, that is the right shoulder former of an Inverse head and shoulder pattern.
KEY TAKEAWAYS An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends An inverse head and shoulders pattern, upon completion, signals a bull market Investors typically enter into a long position when the price rises above the resistance of the neckline.
This isn't RELI in the image, but does look like the one forming on the RELI chart:
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