TIE - Titanium Metals
TIE |
I highlighted the head and shoulders pattern that has formed and confirmed. This is a perfect example of the head and shoulders pattern because it is well formed, over a long period of time, the right shoulder is lower than the left shoulder, and it comes at the top of a big run up. We see a good consolidation happening as it tries to break down. This is a good sign for a short setup. You can do a conservative stop-loss just above the 200 day moving average or even extend it a bit further out for a more aggressive approach.
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