Is that a head and shoulders?

Discussion in 'Technical Analysis' started by omegapoint, Aug 31, 2007.

  1. Would someone please confirm if NMR on a year chart is or has formed a reverse head and shoulders? What would be the outlook if it has?

  2. Not in my book.

    Looks like you'll hit resistance at 18.

    Your bull break out is about 19.42

    My indicators say it could be a buy but I would wait to confirm with price and volume.

    Volume is very low.