SPARC-Likely Inv.Head &Shoulder Pattern Breakout
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SPARC: Exhibiting the characteristics of likely Inv.Head &Shoulder pattern. Consolidated from 260 to 160 and bounced back shortly.It can be noticed that during its fall from 260 levels to 160 the sell volume was moderate and while completing the right shoulder increase in its volume can also be notices-which are the characteristics of a typical Inv.Head &Shoulder pattern.
Its neckline breakout lies at 265 and as per the pattern the projected target is 290+
Fib retracement from a high of 340 to a low of 165(Jan,2022 high-Mar,2023) also indicates the target levels at 271 followed by 290.
Hope you like this stock idea.Like from the community would encourage me to post more stock ideas.
(For Educational purpose only)
Its neckline breakout lies at 265 and as per the pattern the projected target is 290+
Fib retracement from a high of 340 to a low of 165(Jan,2022 high-Mar,2023) also indicates the target levels at 271 followed by 290.
Hope you like this stock idea.Like from the community would encourage me to post more stock ideas.
(For Educational purpose only)
Note
265 done those who are long shall trail
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