So, the chart doesn't really show that it's forming an inverted head and shoulders pattern yet. But if you look at the moving averages, this stock is still above the 10 and 20 moving averages, which means it's still in a decent uptrend on the daily timeframe.
This could be a chance to make a speculative buy with the stop loss mentioned above!
Tradeplan:
Buy 159 - 156
Stoploss < 151
This could be a chance to make a speculative buy with the stop loss mentioned above!
Tradeplan:
Buy 159 - 156
Stoploss < 151
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