GSFC: Stock is up but view is bearish

GSFC
CMP 119.3

Observations

- 20 day EMA crossing below 50 day EMA

- 122-124 important resistance level

- 112-108 important support zone

- below 115 Head and shoulders pattern starts getting stronger

- Probability of the stock going lower increases if it takes out 112-108 levels

- Target zone for the pattern 94 / 86

- View gets invalidated if stock sustains above 124 for time being...

Take care and safe trading...