26.01.2015 - On the chart Seagate Technology was formed a reversal pattern

Seagate Technology's share price fell sharply after completion of the formation of "head and shoulders", which indicates a change in trend and fixing the price below the "neck". According to our forecasts quotations in the near future will be reduced to the level of 56.60, after which they can continue to fall to 53.60. Growth is limited by the resistance level near 62.00. We expect a further fall in prices and recommend to open short positions.

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