- Reaction score
- 2,424
This stock has been on fire for a while, but it is taking a big hit today. Individual stocks are more prone to catalysts but what struck me was the very bullish inverted head and shoulders pattern, which completely failed.
We have a lot of those patterns of the index chart now. Not that they are going to follow because the same kind of catalyst isn't there, but this was an unnerving to anyone playing for a good looking Inv. H&S breakout.
I don't have a positon, but I have traded this off and on over the last year. Will this be an opportunity near the 200-day average, now that it trades near its August levels?
We have a lot of those patterns of the index chart now. Not that they are going to follow because the same kind of catalyst isn't there, but this was an unnerving to anyone playing for a good looking Inv. H&S breakout.
I don't have a positon, but I have traded this off and on over the last year. Will this be an opportunity near the 200-day average, now that it trades near its August levels?
