Staples: Challenging For A Bullish Reversal
A potential long term inverse head and shoulders. A Break above the neckline of the pattern should signal further long term upside as the main descending resistance will be broken too.
-The recent downside pullback retested the 52-week average before bouncing, price is currently retesting the main descending resistance again.
-Ill be watching the neckline around 17.00 area, to long on a break
-Aggressive traders may look to long on any minor pullback with a stop below the latest swing low 13.70
-The recent downside pullback retested the 52-week average before bouncing, price is currently retesting the main descending resistance again.
-Ill be watching the neckline around 17.00 area, to long on a break
-Aggressive traders may look to long on any minor pullback with a stop below the latest swing low 13.70
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