AvantiFeed - Head & Shoulder for 1250-1290 with Top@1660

Head Shoulder Pattern. Trading below 1559 for 1535-1540 short term target below blue dotted line which is neckline & then bounces upside between 1615-1630 to form right shoulder & then check -if you get a fall holding 1630-1640 levels upside for 1250-1290 Zone as the target downside in coming months & years ahead.

For Long term Targets of 1250-1290 - it should go below 1485-1500 zone as second layer of confirmation point.

Dagangan aktif:

10:41 Hrs 17th July2017

Last Price@1611

Opens gap up at 1590 &Makes high for the day 1630 looks like Right Shoulder formation started.

Dagangan aktif:

15:25 Hrs 18th July2017

Last Price@1599

Turns from 1643

Dagangan aktif:

11:01 Hrs 25th July2017

Last Price@1597

Right Shoulder looks like done in the zone 1650-1660 zone. We are still taking this as H& S pattern as it failed exactly at tops of 1660 & did not give close above that level.