RCAT Head & Shoulders Formation or Reversal?

30 ม.ค.

RCAT has completed the formation of the head with a bounce at neckline and is currently on the leg up for the right shoulder formation.

Watching for continued volume contraction as the right shoulder forms for further bearish signals. If instead, volume expands, (especially further than the left shoulder formation), then I will be watching for bullish confirmation of a reversal.

Key signal is volume and market momentum on if this completes a H&S or marks a reversal.

7 ก.พ.

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First PT of $10.53 reached. Retest of neckline does not bode well for the bears hoping for a reversal after the advance of the right shoulder.