Upsloping H&S pattern.
Weak rebound from neckline.
Possible area to start shorting at $58-$59.50
Target profit 1 area at neckline/ up trendline i.e around $52.50-$52
Target profit 2 area at next support around $48.50-$50
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Weak rebound from neckline.
Possible area to start shorting at $58-$59.50
Target profit 1 area at neckline/ up trendline i.e around $52.50-$52
Target profit 2 area at next support around $48.50-$50
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
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Hope you managed to capture this move!
P/S: Apparently 2nd Qtr revenue topped expectations, but yet share price dropped. That's why I prefer to follow the price chart than anything else