Paragon Care - Potential H & S formation

Sep 7, 2018

There is a potential H & S forming. The .66c -.70c level is critical. A break of the neckline and the up channel will see the price seeking support lower around the .56c level. Let's see if the 200 day MA provides support or the rpice breaks down. Note the fib levels for bounces in price especially the 0.382 and its close proximity to the 200 day MA. The purple dotted arrow shows the full retraction if the H & S formation breaks down. This is not a recommendation to buy/sell nor should be construed as investment advice.

Oct 20, 2018

Note

Lets see whether we bounce or a break of the H & S

Feb 17, 2019

Trade closed manually