Inverted Head & Shoulder

1. CMCM (Cheetah Mobile): Long Setup Yesterday I opened a long position with a stop at 23.10 Weekly time frame: There is a potential Inverted Head and Shoulder with a measured target at 38.30 The last 2 weekly candlesticks are suggesting a consolidation phase after the breakout of the resistance (Neckline) at 21.60 (Now Support) […]

1. GPRO (Gopro): Long Setup: Weekly time frame: The post IPO rally has been almost fully erased The decline which looks corrective may have shaped a Falling Wedge The next support is the day 2 gap RSI (5) extremely oversold but without positive divergence