H&S in DIVISLAB. Keep an eye for potential downside.

DIVISLAB has formed a H&S pattern. It broken down and did a pullback too. Now a red candle closing below the neckline (blue line) in daily could be a good shorting opportunity for a short term target of around 4000 and lower. Keep an eye!

Komentar:

We got a first confirmation of breakdown this morning with hourly close below the neckline and second candle breaking the low of first one. Technically speaking, a close below 3% from neckline is the final confirmation so that's still to be seen.