SHLX Inverse Head and Shoulders
Updated
NYSE:SHLX trade setup:
Entry above Friday's high at 12.80
Stop Loss under Nov 1 low at 11.89
Profit target is 15.99
Risk/Reward of 3.5
- Inverse head and shoulder bottom
- MACD re-crossing positive
- 20 EMA above 50 EMA and both are upward and accelerating
- Last bar was very bullish and broke small trendline
Entry above Friday's high at 12.80
Stop Loss under Nov 1 low at 11.89
Profit target is 15.99
Risk/Reward of 3.5
Order cancelled
Entry not hit. Trade cancelled.
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