MMTC

Inverted head and shoulder

this one stock has been a wealth destroyer, obviously, as it was trading above 2,000 levels and now is almost down more than 93% to trade between the range of around 80 to 60 for the past couple of years. Though interestingly this pattern which is forming is an inverted head and shoulder, which is a reversal setup. The only thing that is here is that there are no fundamentals aligned in this company to buy but since it is forming an inverted head and shoulder and is taking support at a neckline, obviously this should be on your watch.