SWBI: Can you guess what this pattern is called?
If you guess "inverse head and shoulders," you are correct! Clean breakout over long-term resistance line (marked in red). There is a strong likelihood that the share price will approximately double over the next 12 months. 2024 is an election year.
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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.