Pembelian
WALD — Potential Inverse H&S Bottom
Waldencast (WALD) surged more than 17% Tuesday, with investors cheering the makeup maker's ongoing efforts to reduce debts. Last month, the company inked a deal to offload its Obagi Medical dermatological skincare and aesthetics business to private equity firm Bridgepoint for around $460 million.
From a technical standpoint, the stock closed Tuesday above the respected 200 MA, increasing the likelihood of an inverse head and shoulders bottom, a chart pattern that signals a potential bullish reversal.
If the stock breaks above the formation's neckline, look for a possible move toward $3.00, where the shares may encounter sellers near a horizontal line that connects multiple peaks and troughs on the chart stretching back to August 2024.
From a technical standpoint, the stock closed Tuesday above the respected 200 MA, increasing the likelihood of an inverse head and shoulders bottom, a chart pattern that signals a potential bullish reversal.
If the stock breaks above the formation's neckline, look for a possible move toward $3.00, where the shares may encounter sellers near a horizontal line that connects multiple peaks and troughs on the chart stretching back to August 2024.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.