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Mereo BioPharma Group plc
Long

MREO: INVERTED HEAD AND SHOULDERS

By Elpidaldo
Updated
MREO after forming an inverted head and shoulders on the weekly chart, the price just broke the neckline and triggered a long trade.
Approximate target between 7 and 8.

Trade safe.
Trade closed: stop reached
Late update:
The head and shoulders pattern failed. I closed my trade.
breakoutbreakouttradingFibonacciHead and ShouldersheadandshouldersbottomInverse Head and ShouldersMREOSupport and Resistancetradeidea
Elpidaldo
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