#GLEN comment: H&S formation is intact, fall pressure increases

#GLEN topped in the beginning of this year but since then the price rally lost its power though the company announced better results compared to the previous year.

Technically, the share builds a H&S formation, which has a neckline around 339. If this level is passed down then there may be further fall, which can be interpreted as a correction (ABC) formation.

This is not financial advice!!! Do not make financial decisions based on this analysis.

Kommentera:

spot on! downtrend is expected to continue.