Another faint signal forming
Another chartists view...http://blogs.stockcharts.com/chartwa...houlders-.html
Erin Heim from Stockcharts has noticed a bullish reverse head and shoulders pattern could be forming...The right shoulder looks like it could formed with the 1277 low...He stresses the fact that the pattern hasn't yet completed and needs to now break through the neckline to complete the pattern..as always, patterns can break down at any stage. However if the neckline is broken ~1392 (same price as high point resistance line {see above post}) the pattern is formed and has a very low failure rate and a 74% chance** of reaching its target closing price 1587 .... (1382 - 1187) + 1392
Still early days but the technical signs are promising.
**http://thepatternsite.com/hsb.html