ChartsView - Stock Trading Community

Smiths DS: SMDS Head and Shoulders breakout

More
13 years 1 month ago #3357 by manfrombrussels
The high being the high of the head and not the left shoulder ?

Thanks for your help.
The following user(s) said Thank You: remo

Please Log in or Create an account to join the conversation.

More
13 years 1 month ago #3356 by remo
The play is still valid as long as the price dont go above the high. At which point it will be a false one.
The following user(s) said Thank You: manfrombrussels

Please Log in or Create an account to join the conversation.

More
13 years 1 month ago #3343 by manfrombrussels
Just wondered on people's thoughts as to whether the head and shoulders is still on here, looks like it to me.

Please Log in or Create an account to join the conversation.

More
13 years 1 month ago #3027 by remo
This looks bearish with a Head and Shoulders breakout and a 123 high.
There is also divergence on the RSI which is really clear to see.




Stops should be above 209 so small risk .If your brave then you can put the stop closer at 206 ;)
The head and shoulder has come right at the height of this share



DYOR
The following user(s) said Thank You: ftse80, manfrombrussels

Please Log in or Create an account to join the conversation.

Moderators: remo
Time to create page: 0.085 seconds
Powered by Kunena Forum