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JOUT - Inverted H&S Reversal
Johnson Outdoors Inc.
(
NASDAQ:JOUT
)
Bixley
NASDAQ:JOUT
Johnson Outdoors Inc.
Chart Patterns
Trend Analysis
invertedheadandshoulders
JOUT
0
0
chartpattern
trendanalysis
invertedheadandshoulders
jout
An inverted H&S is evidently forming on the daily timeframe at the end of this nice down channel
I think this could be a reversal point for the down channel trend and allow price to move back up again.
Inverted H&S's can signal trend changes.
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