BaliShag

Coloplast bearish bat

Short
OMXCOP:COLO_B   COLOPLAST B A/S
2
  • Bearish bat
  • Invalid bearish deep crab (only 2.24 BC ext., not 2.618 which is slightly above prz at 273.1)
  • Measured move / "reciprocal ab=cd"
  • Potential channel top
  • Potential median line
  • RSI 14 overbought

N.B. Not a lot of clustering in the zone. Watching price action, RSI and potential intra day bearish setups for confirmation.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.