INO: Potential head and shoulders spotted

INO forming what seems to be a head and shoulders. Here is why I'm neutral on this:

Even though, Head and Shoulders is spotted, it has not break below the neckline for downward momentum. If it bounces off the neckline and breaks out of the descending trendline, then a downtrend would be invalidated and bulls would take over for that scenario. Be on the look out for a break below the neckline or a break above the descending trendline.