From November 9 post:
"On any rally, we've now got "stacked resistance" at:
1. 9.98-10.08
2. 10.80"
1. 9.98-10.08
2. 10.80"
XING managed to rally well into resistance yesterday and now has a chance of a Bullish Inverse H&S breakout on/after QXM earnings if it can form a Right Shoulder here and knock out the down sloping 10.80-10.69 neckline.
The Head of the pattern is the Ascending Triangle that we discussed in the post below. It's 10.06 target got MADE, so that's constructively bullish. XING is selling off quite a bit today, but it's holding near the 9.98-10.08 bottom rung of resistance, trying to establish "former resistance as support." That's also a positive. Today's selloff is on low volume. Another positive.
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