Eratat forming head and shoulders?

Evening everyone,

I have a short post for today. In my last post on Eratat, FO8.SI, I talked about an ascending scallop pattern. That pattern proved to be successful as the price target of 27 cents was hit. After touching 27 cents, Eratat fell down to the 20 cents region. I see a potential head and shoulders pattern in Eratat’s chart now. So far, I have not been able to come up with either an upward or downward bias based on other elements on the chart. So for now, I will just keep an eye on Eratat, and hope to see a breakout soon.

All analyses, recommendations, discussions and other information herein are published for general information. Readers should not rely solely on the information published on this blog and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information published herein.

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