Chart looking to retest major 40 cent resistance. Also, the inverse head and shoulders pattern may complete if this line is broken on high volume. If a retest fails, further consolidation is necessary to form the last shoulder of our Inverse Head & Shoulders pattern. Completion may target 50 cents and may form a cup and handle pattern.
FA catalysts for a break of resistance could be the imminent launch of the UK & US business, or better than expected quarterly results.
Keep an eye out!
TBH Breakout Chart, page-11
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