WALD — Potential Inverse H&S BottomWaldencast plc Class ABATS:WALDtimothysmith78Waldencast (WALD) surged more than 17% Tuesday, with investors cheering the makeup maker's ongoing efforts to reduce debts. Last month, the company inked a deal to offload its Obagi Medical dermatological skincare and aesthetics business to private equity firm Bridgepoint for around $460 million. From a technical standpoint, the stock closed Tuesday above the respected 200 MA, increasing the likelihood of an inverse head and shoulders bottom, a chart pattern that signals a potential bullish reversal. If the stock breaks above the formation's neckline, look for a possible move toward $3.00.