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JDG - Head and Shoulders

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HungryPunter
Regular Contributor
Maybe I should stop drinking beer while doing my technical stuff. Is it a Head and shoulders I see with JDG? With a target price of 4642? Any thoughts on the even if you shrug your shoulders or shake / not your head.
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1 REPLY 1
Rams
Super Contributor
Yes , well spotted but I got price of 43.65. Classical right shoulder formed by WAVE C.Left shoulder was formed by WAVE 4 on 8 NOV 2010.(or 23 Nov to make your price).Both daily and weekly time frames setting up for a LONG trade at end of wave C at around 43-46(stochastics 14,3,3).Wait for bullish reversal on daily chart for END of WAVE C correction to BULL trend, which correspondsto price target as projected from HEAD and Shoulders.
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