NASDAQ:TILE I love this company but cannot help seeing H&S pattern which also breaks down to double top on a D frame
WHY - H&S pattern on W - divergence on indicators - bouncing off all time resistance at 26 - some chart inconsistency (price failed to make a new high having stopped at 26 ) and double top on D (price travelled to 26.25)
HOW - a lot of shorting of not confirmed structures these days, so I will only put little money to the test - I perceive it high risk trade
DURATION - up to 6 months - going down to strong support levels on M frame (20)
ENTRY & EXIT - now with a small money - at a stop or if strong bullish price action is seen on 4H