Take a look at GIGM, it has formed a H&S base or inverted H&S.
The volume for the pattern is correct, the breakout zone is right in the area, $1.68 officially breaks it out.
The daily 3C chart also agrees almost perfectly with the volume for the pattern.
The pattern carries an implied price target of approximately, $2.40 which would likely take several months to achieve with pullbacks along the way. It's in an interesting spot and well worth a look. Remember, this is below $5 and as such is a speculative trade, risk management should reflect that.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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