Inverse Head and Shoulders Earnings 8-26
Earnings 8-26 AMC.
Also a cup and handle pattern but there is a lot of commotion on the handle and the handle low has dropped lower due to pull backs. If the handle holds it is now 107.19.
Negative volume remains high on this one. Higher volume noted at head formation which is also the cup low. PTON has broken the neckline twice and a throwback occurred. Price today is close to a possible handle low.
Short interest 8%.
No recommendation.
Tough one as a lot may depend on how long the higher ups decide on keeping the political flu hype going. I am guessing there will be "flare ups" in this country at least until November of 2022. I have seen several articles stating influenza, the old timey flu that that many received a yearly vaccine for, has been virtually eradicated since the new flu came on the scene...so who knows? Influenza like illness has been around for 1500 years with many different strains, so this is truly a miracle! (o:
Also a cup and handle pattern but there is a lot of commotion on the handle and the handle low has dropped lower due to pull backs. If the handle holds it is now 107.19.
Negative volume remains high on this one. Higher volume noted at head formation which is also the cup low. PTON has broken the neckline twice and a throwback occurred. Price today is close to a possible handle low.
Short interest 8%.
No recommendation.
Tough one as a lot may depend on how long the higher ups decide on keeping the political flu hype going. I am guessing there will be "flare ups" in this country at least until November of 2022. I have seen several articles stating influenza, the old timey flu that that many received a yearly vaccine for, has been virtually eradicated since the new flu came on the scene...so who knows? Influenza like illness has been around for 1500 years with many different strains, so this is truly a miracle! (o:
Penafian
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