i posted NGPC as a downtrend line breakout candidate the other day and then posted that it broke-out and quick fell back below the trendline. i also mentioned that i’d keep it on as a potential trade (set-up) because it has seemed to form a nice looking inverse head and shoulders pattern (IHS). as i said, this is thin sucker (thinly traded/low-volume) but what’s nice about it is the converging IHS neckline and the primary downtrend line. looks like we got a false break-out recently but it could also be possibly be viewed as a re-test of the IHS alternative neckline, after a recent breakout. watching for a clean break above both top (primary) neckline and the downtrend line, preferably
on above average volume.