Head and shoulders chart pattern
Updated
It doesn't look promising. I suppose latest share dilution plays into the hands of short traders. Stock price has lost its momentum despite the positive outlook for VUZI -8.47% (e.g. company continues to develop strong partnerships to succeed in augmented reality).
Note
in 4H chart the neckline is straight (8.20$). In the early morning I posted that in a hurry.Note
Stock price held above 8.20 and chart pattern has resolved. Good sign
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