strange head and shoulders?

21 במרץ 2018

I found this because there's a substantial upside breakout pre-market on FENC today. I think that H & S formations are reversal signals that are supposed to happen only at major tops and bottoms but this looks a lot like an upside-down one... is it just a fluke caused by this morning's press release or is there a reference/explanation to this as a known phenomenon?

11 באפר׳ 2018

הערה

Today is April 11, the H & S turned out to be a good signal on this - FENC is up about 50% since March 21!