A head-and-shoulder top is a pattern formed by three peaks, with the middle one higher than the other two peaks.
Intertek (ITRK) – Developing the ‘right shoulder’, with the neckline near the round number level at 4,500p.
Burberry (BRBY) – Found support near 1,600p to push into the major 2,000p level. This could be the third, lower, peak.
Coca-Cola HBC (CCH) – Rebounded off 2,200p to develop the ‘right shoulder’. A push to new highs is required to negate the toppy pattern.
