Curro Inverse H&S Formation and Positive Divergence
NB this is not TA. Merely my novice opinion of what I see.
It seems that
COH
is busy printing an inverse H&S bottom formation. Both RSI and MACD has positive divergence and RSI shows quite a bit of room to the upside. Should price action break the resistance of the downward channel, fulfill the inverse H&S formation, and bounce off the current downward channel resistance as support,
COH
may do very well. I am watching closely. What are your thoughts ?
Should this pan out, a great entry point would be after COH price broke through the downward resistance, fulfills the Inverse H&S formation, makes a correction and bounces off the current downward channel (then as support) Then up would be the only option :-)
It seems that
COH
is busy printing an inverse H&S bottom formation. Both RSI and MACD has positive divergence and RSI shows quite a bit of room to the upside. Should price action break the resistance of the downward channel, fulfill the inverse H&S formation, and bounce off the current downward channel resistance as support,
COH
may do very well. I am watching closely. What are your thoughts ? Should this pan out, a great entry point would be after COH price broke through the downward resistance, fulfills the Inverse H&S formation, makes a correction and bounces off the current downward channel (then as support) Then up would be the only option :-)