This looks like a text book case of head and shoulder pattern formation. Once the neckline is broken around 56 levels, stock could fall 10% plus and filing the gap in process.
Disclaimer: for education purpose only.
Stock made an all time high and is now retesting the breakout levels.
10% dip from top with low volume and is now in demand zone i.e, 450-480 levels.
Stop loss: closing below 439
Target 1: New ATH (>534.8)
Target 2: Open
Disclaimer: for education purpose only.
