andrew.berg

FIVE Head&Shoulders, approached to neckline at $35

Short
NASDAQ:FIVE   Five Below, Inc.
FIVE was sold off from $55s highs and bounced from important support at $35 and put another lower high at $44 which is the top of right shoulder.
Now price is below key moving averages that are curling down, sellers keeping preassure on price.
Break down of neckline at $35 could lead to further drop down.

Stop above 200 EMA with target at IPO price at $25 makes this trade attractive from R/R point of view.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.