If a stock is moving lower ... This combination of breaking a downtrend line and forming a “rounded bottom” reversal pattern suggests there’s a good chance a new uptrend may be forming.
This pattern is confirmed when the stock falls below the two low points ... Inverse head and shoulders patterns happen most often after a long downtrend has run its course, meaning this pattern ...
The price action in United Parcel Service (NYSE: UPS) may have reached the bottom, but the downtrend isn’t over ... likelihood of lower prices for the stock this year. Ultimately, it is ...