TWOH Possible breakout head and shoulders pattern
Updated
First and foremost this is not financial advice. This is purely for entertainment purposes. I am a beginner learning how to read charts.
It looks like TWOH is setting up for a nice 10-20% trade.
I have identified a possible head and shoulders pattern. Today TWOH slightly broke below the neckline and therefore can breakout to the right shoulder headline within a few days.
The stock overall is trading below the SMA, so it is not a strong buy. This is a day trade.
Also, the MACD is not looking to well, but may converge in several days.
It looks like TWOH is setting up for a nice 10-20% trade.
I have identified a possible head and shoulders pattern. Today TWOH slightly broke below the neckline and therefore can breakout to the right shoulder headline within a few days.
The stock overall is trading below the SMA, so it is not a strong buy. This is a day trade.
Also, the MACD is not looking to well, but may converge in several days.
Trade active
Loaded up on Fidelity, ask price at 0.0041Trade active
Stop loss at: .003694Disclaimer
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