A good short candidate along with Google(
)
Good luck...
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Technician
- The rally hit a long term resistance at 17.75 before stalling
- After hitting that resistance, a head and shoulders formation completed on the weekly chart
- The price broken out below the neckline of the head and shoulders confirming the pattern
- The price broken below the 52-week Simple moving average
- A Minor upside pullback towards the shaded area could provide a better shorting level in terms of risk-reward
- Main target is at 10.00 major level
- Stability back above 16.00 may be the invalidation of this setup
Good luck...
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twitter.com/thefxchannel
My best regards
Technician
