Head and shoulders pattern 6 month. Broke down vs S&P500
Neckline support, now resistance = 200 sma
Broke Uptrend_line channel ( blue ), within Downtrend break_line channel.
Momentum negative, OBV brakedown. Potential short entry point near neckline(retest possible).
52wk Range: 57.38 - 83.37
Staying below, ~74 level
Target 63 (38.2 %)
Stop : 74.50
Neckline support, now resistance = 200 sma
Broke Uptrend_line channel ( blue ), within Downtrend break_line channel.
Momentum negative, OBV brakedown. Potential short entry point near neckline(retest possible).
52wk Range: 57.38 - 83.37
Staying below, ~74 level
Target 63 (38.2 %)
Stop : 74.50