JAZZ fell from a rising wedge that was narrowing but has perhaps fell as far as it will fall..
RW (rising wedges that narrow at apex) are almost always bearish ..it is often a long term pattern and not valid unless bottom trendline is broken..
OBV and NV are both high..short percent a bit higher than I like..
Do your research on this one if you like the stock..
Support at handle low (HL) and mid cup (MC)..I see strong S at 139.5ish
C&H patterns are common patterns and like any other pattern they can fail...Targets are calculated using the depth of the cup..the handle low is an area on congestion that can be support..
Not a recommendation
RW (rising wedges that narrow at apex) are almost always bearish ..it is often a long term pattern and not valid unless bottom trendline is broken..
OBV and NV are both high..short percent a bit higher than I like..
Do your research on this one if you like the stock..
Support at handle low (HL) and mid cup (MC)..I see strong S at 139.5ish
C&H patterns are common patterns and like any other pattern they can fail...Targets are calculated using the depth of the cup..the handle low is an area on congestion that can be support..
Not a recommendation