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since Nov 25, 2024
chartpattern
indicator
trendanalysis
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ANNX was trading in a nice bullish trendline. We broke trendline and traded lower into support level, we supported that level with a strong rejection and increase in volume. Now we are creating a reverse head and shoulder pattern ,signaling a bullish move at least into resistance at $8.00
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Looking on a weekly chart we can see that SQ is in a consolidation for over 2 years. But if we look closely we can what was building in there, a head and shoulder pattern and in November we broke resistance level and neckline. I'm conforming that its a valid breakout with the increase in volume at the breakout. Now we had the retest to neckline/new support. Now...
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