IIPR Potential Weekly Inverse Head and Shoulders
Ticker: $IIPR
Can IIPR gain any traction and break weekly resistance of $87.20 these upcoming weeks to confirm the inverse head and shoulders?
Remember, Inverse head and shoulders is a pattern that signifies a trend change from bear to bulls. If bulls can break this weekly inside bar bullish, than the possibility is there.
I need to see an increase in bull volume this week with a bull break of $75.40 to be interested in this name. If we get that, I will be very interested in a position.
Let see if this bull market can provide any fuel for the bulls to run.
Can IIPR gain any traction and break weekly resistance of $87.20 these upcoming weeks to confirm the inverse head and shoulders?
Remember, Inverse head and shoulders is a pattern that signifies a trend change from bear to bulls. If bulls can break this weekly inside bar bullish, than the possibility is there.
I need to see an increase in bull volume this week with a bull break of $75.40 to be interested in this name. If we get that, I will be very interested in a position.
Let see if this bull market can provide any fuel for the bulls to run.
Bulls must hold daily support of 69.61 in order to have a chance at a inverse head and shoulders on the weekly.
So far, it is not convincing and we will take it one day at a time. Break 69.61 and I will not be interested in IIPR. I will then watch for a potential double bottom of 66.61. If it does not hold, I will look for a quick scalp trade when 66.61 breaks bearish.