BTH 1hr timeframe, inverse heads a sholders. Buy on the break of .88, stop @ .825, profit target. 945. R/R. 1:2.6
Buy signal.
Invs heads and shoulders
rising obv
moving above 50ma.
pros- high probability patterns, good fundamentals. Potential to be a long term hold. definded risk
Cons- inverse heads and sholders pattern is only on the 1hr timeframe vs on a daily pr wekly chart. Tech stocks have neen selling off with asx market decline.
Buy signal.
Invs heads and shoulders
rising obv
moving above 50ma.
pros- high probability patterns, good fundamentals. Potential to be a long term hold. definded risk
Cons- inverse heads and sholders pattern is only on the 1hr timeframe vs on a daily pr wekly chart. Tech stocks have neen selling off with asx market decline.