Interesting ECHO #HeadAndShoulder Bottom #Breakout on Weekly

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The weekly breakout took out the neckline of the head and shoulder bottom as well as the downtrend line. The pattern is very interesting but the strong resistance at $26 makes it a less desirable trade setup. I think you are going to need a ton of buying pressure to cut through all that supply around that level. Company reports earning on the 23rd. Will be curious to see what happens then.

Penafian

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