daily, i like to draw my neckline at a
horizontal spot where i see the resistance. because of the
weakness in the retail sector i dont have high hopes of this one
panning out but we'll see.
Posted by spurlockrj on 17th of Aug 2017 at 12:40 pm
morton7, Thank you for your response! I appreciate it. I can see
the value in drawing the neckline horizontally at the expected
resistance level. Also a good point about the weak retail
sector.
COST - Inverse Head and Shoulders
COST
Posted by spurlockrj on 17th of Aug 2017 at 11:34 am
morton7 and all
I own a little Costco. I took a shot at drawing the inverse head and shoulders on the daily.
Can you guys provide comment on the chart? How do you see it?
My take on the COST Inverse Head and Shoulders
Thanks
daily, i like to draw
Posted by morton7 on 17th of Aug 2017 at 12:01 pm
daily, i like to draw my neckline at a horizontal spot where i see the resistance. because of the weakness in the retail sector i dont have high hopes of this one panning out but we'll see.
COST - Inverse Head and Shoulders
Posted by spurlockrj on 17th of Aug 2017 at 12:40 pm
morton7, Thank you for your response! I appreciate it. I can see the value in drawing the neckline horizontally at the expected resistance level. Also a good point about the weak retail sector.
welcome, hope it pans out,
Posted by morton7 on 17th of Aug 2017 at 02:51 pm
welcome, hope it pans out, would be great if it filled the gap above!
weekly chart
Posted by roger on 17th of Aug 2017 at 03:05 pm
my 2 cents - possible abc down to horizontal support
interesting, thanks!
Posted by morton7 on 17th of Aug 2017 at 03:10 pm
interesting, thanks!