CapitaCom Reverse Head and Shoulders?



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CapitaCom chart looks interesting

A - Possible Reverse Head and Shoulders. RHS usually forms after a down trend and its completion marks a change in trend. Volume is an important aspect of RHS as without an expansion of volume, the validity of the formation will be in question.

B - Macd Bullish Divergence validated the previous uptrend

C - RSI Bullish Divergence validated the current uptrend

Once neckline is broken with volume and RHS is validated, the guideline target will be the distance between the neckline and the head, projected upwards. To each his own.


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