Inverted Head & Shoulder


Monthly time frame: GPRO has been annihilated. From the October top it has lost 91% of its value Price has formed a channel Lets see if the current small range body ends the month with a hammer, which would open the door to a rebound Key price levels are: R1 = 20.50 (January peak); R2 […]

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) […]