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$IPHS inverse H&S on the weekly chart #stock #trading

94
IIPHS has formed an inverse H&S pattern on the weekly chart
Yesterday stock closed over the neckline standing at 34.76
MACD and RSI both supportive
Look to participate if : 1) neckline is retested and HOLDS or/and 2) stock takes out the 35.78 YtD high
Measured target is around 45.67
Ordine annullato
Company agreed to sell itself and be taken private @ 32.00 USD so it goes out of our watchlist

finance.yahoo.com/news/innophos-enters-definitive-agreement-acquired-113000088.html?.tsrc=rss

Moving on to the next ideas

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