Ethan Allen (ETH) H&S Neckline Getting Broken

Ethan Allen (ETH) has been forming a head and shoulders pattern. On Friday it broke the key neckline area.

Ethan Allen (ETH)
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We can see the 50DMA turned into major resistance for the right shoulder area.

Let’s see if the 200DMA area holds otherwise the weakness might continue.

For Reference

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2 Comments

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  1. Food for thought?:
    Might not, the Box Builders, be far behind, if, Box Fillers, such as Ethan, are breaking down.

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