The price is completing the formation of an inverse head and shoulders pattern, with a head-to-neckline distance of approximately $300.
This suggests a potential breakout target around $1070.
Along the way, there is also a significant gap that has remained unfilled for several months.
The stock belongs to a company that manufactures power management chips used in all types of electronic devices, with steadily growing revenue
This suggests a potential breakout target around $1070.
Along the way, there is also a significant gap that has remained unfilled for several months.
The stock belongs to a company that manufactures power management chips used in all types of electronic devices, with steadily growing revenue
Note
Note
Wait for a 1H or 4H Candle Close Above the Neckline for More ConfirmationAfter the breakout of the inverse head and shoulders pattern, a pullback to the neckline often follows — this is typically the best entry point.
For greater confirmation, it’s advisable to wait for a 1-hour or 4-hour candle to close above the neckline before entering a position
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.