andrew.berg

FIVE Head&Shoulders, approached to neckline at $35

Short
NASDAQ:FIVE   Five Below, Inc.
FIVE was sold off from $55s highs and bounced from important support at $35 and put another lower high at $44 which is the top of right shoulder.
Now price is below key moving averages that are curling down, sellers keeping preassure on price.
Break down of neckline at $35 could lead to further drop down.

Stop above 200 EMA with target at IPO price at $25 makes this trade attractive from R/R point of view.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.