Associated British Foods Plc (Pattern?)

[fernanj]

Is that a Head & Shoulders pattern or is it just me... also the indicators I use are starting to pointing South.
What do you reckon folks?

 

[FTSE Beater]

Hi Fernanj.

Can I ask what time-scale the Head and Shoulders is on.

 

[Riz]

There is one forming on the daily chart suggesting around 20 points further down if successful, rsi and stochastics over bought as expected after a 100-point upmove...

Riz

 

[fernanj]

Thanks

Hi FTSE Beater, Riz has summed it up for you.
Many thanks to you all for your feed back, replies & contributions

Joe