Inverse head and shoulders with a gap to close towards 1070$

The price is completing the formation of an inverse head and shoulders pattern, with a head-to-neckline distance of approximately $300.
This suggests a potential breakout target around $1070.
Along the way, there is also a significant gap that has remained unfilled for several months.
The stock belongs to a company that manufactures power management chips used in all types of electronic devices, with steadily growing revenue
This suggests a potential breakout target around $1070.
Along the way, there is also a significant gap that has remained unfilled for several months.
The stock belongs to a company that manufactures power management chips used in all types of electronic devices, with steadily growing revenue
Catatan
Wait for a 1H or 4H Candle Close Above the Neckline for More ConfirmationAfter the breakout of the inverse head and shoulders pattern, a pullback to the neckline often follows — this is typically the best entry point.
For greater confirmation, it’s advisable to wait for a 1-hour or 4-hour candle to close above the neckline before entering a position
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Target reached 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.