1) Bollinger Band Squeeze + breakout 2) Inverse head-and-shoulder pattern (L=29.97, H=16.09, R=30.40; L+(L-H)=44 3) Breakout over declining tops line + retest and uptrend 4) Low volume (volatility on increase in volume) 5) Improved, high accumulation 6) MACD crossover to the upside 7) Overhead resistance currently at 36.00, 39.75, 40.00, 43.50
Credit Suisse - CS - is showing a tight squeeze on its weekly bollinger bands from an inverse head-and-shoulders pattern. Considering its decline from above $60 share in the last several years (Euro Crisis), it has consolidated above 16.00-30/share range. It is starting to break out over multi-year highs. Pattern has it going to about 44/share, or a 33% gain from its current price. Very buyable 32.00-33.00 and over 34.00 (most recent high).