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Long
Updated

SHLX Inverse Head and Shoulders

197
$NYSE:SHLX trade setup:

  • Inverse head and shoulder bottom
  • MACD re-crossing positive
  • 20 EMA above 50 EMA and both are upward and accelerating
  • Last bar was very bullish and broke small trendline


Entry above Friday's high at 12.80

Stop Loss under Nov 1 low at 11.89

Profit target is 15.99

Risk/Reward of 3.5
Order cancelled
Entry not hit. Trade cancelled.
TechnicallyCorrect
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Chart PatternsTechnical IndicatorsInverse Head and ShouldersriskrewardriskrewardratioSHLXTrend Analysis

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Chart PatternsTechnical IndicatorsInverse Head and ShouldersriskrewardriskrewardratioSHLXTrend Analysis
TechnicallyCorrect
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.