The stock is moving in a descending channel.
In recent days, the stock is producing an invert head and shoulders pattern.
The stock is trying to get back above the 20MA.
Breaking the neckline of the pattern in the area of 95.50, can start the momentum in the stock which have some gaps to close.
targets on the chart.
1sttarget: 100.00
2nd target: 110.00
3rd target: 120.00-122.00
In recent days, the stock is producing an invert head and shoulders pattern.
The stock is trying to get back above the 20MA.
Breaking the neckline of the pattern in the area of 95.50, can start the momentum in the stock which have some gaps to close.
targets on the chart.
1sttarget: 100.00
2nd target: 110.00
3rd target: 120.00-122.00