Bullish argument for VIPS:
1. formation of inverted H&S
2. now above 200 days moving average
3. held above neckline and 200days MA for the past 2 wks
Less bullish:
volume is below average (would have prefered to see stronger volumes esp upon breakup)
Let's see if this inverted H&S will work out.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
1. formation of inverted H&S
2. now above 200 days moving average
3. held above neckline and 200days MA for the past 2 wks
Less bullish:
volume is below average (would have prefered to see stronger volumes esp upon breakup)
Let's see if this inverted H&S will work out.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!