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SHLX Inverse Head and Shoulders

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NYSE:SHLX trade setup:

  • 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
Emir iptal
Entry not hit. Trade cancelled.
Chart PatternsTechnical IndicatorsInverse Head and ShouldersriskrewardriskrewardratioSHLXTrend Analysis

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