EDEN | Possible Inverted H&S in the making
The stock has broken above its long-term descending trendline resistance and has retraced back to the trendline to test it for support. During this process, the stock appears to be forming an inverted head and shoulders pattern. If the stock manages to break out above the neckline around 17 levels, it may move towards the 19 levels to reach the Fibonacci retracement level of 0.382.
Stop-Loss could go below previous higher low of 15.80
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Stop-Loss could go below previous higher low of 15.80
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Catatan
28-02-2023Has retested the neckline and RSI trendline.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.