Inverse H&S backtesting onto 200DMA – 30% rise possible
FRONTIER DEVELOPMENTS PLC ORD 0.5P LSE:FDEV
This now looks great. Price is robustly backtesting the 200DMA which it’s broken as part of an inverse H&S set-up. The measured move would take us to new highs around 2000. This would be your entry price – invalidated with daily close below 200DMA