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rf16saun
8 lug 2017 10:35

INFRATEL broke inverted H&S neckline Long

Descrizione

This stock was in falling channel from 2015 before finally turning the trend after bottom in early this year, after price broke out of the falling channel of two years stock price started inverted H&S pattern. This week's closing candle closed above the neckline briefly and setting the target to 490 level to the upside from current level of 404 per share. This is good setup with decent risk reward ratio if taken now.
Commenti
BLUE43
its not a inverse HS the right shoulder have to be on lowest on the same level of your left shoulder
rf16saun
@BLUE43, H&S reference is for daily time frame, above is the weekly and drawn on wicks making it look like uneven contribution.
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