Mapletree Industrial Trust - Potential Complex Head and Shoulders Formation

The longer term chart outlook for Mapletree Industrial Trust has a potential complex head and shoulders pattern. The tops of the multiple left shoulders and multiple right shoulders have formed a resistance as indicated by the red upper line. A breakdown below the critical neckline shown in blue must first happen to confirm this rare complex head and shoulders pattern. Neckline support failure will probably result in a price fall below $1.00 . Any strong upward breakout above the red resistance line will void this potential complex head and shoulders formation.