This Pattern on $MSOS May Lead to a 40% Rally

There’s lots of noise out there in the market right now, and not a ton of good chart patterns to work with. That said, there is a good looking inverse head and shoulders pattern developing on $MSOS. The safe trade is to look for a neckline recapture and retest (and launch), but one may also make a trial entry from these lows, but with the foreknowledge that much lower than the 61.8% retracement of the most recent advance would begin to call the inverse into question.

So, that’s the setup. If the inverse plays out, upside target is 40% overhead.


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