Important Stocks To Watch - Stocks At Or Near 50 MA, 200 MA, Chart Patterns

inari

hi Stephen

Is inari forming top head & shoulder ?

BR

Tom ek

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Feb 09, 2018
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Not a perfect one
by: Stephen

Hi Tom,

It is not forming a perfect head and shoulder pattern. But one thing im concerned is that it is making a lower high which is something not good.
But if you look at the weekly chart, the stock is still above its rising weekly 20 MA. Therefore we will not condemn this stock unless it drops below the rising weekly 20 MA.

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