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Hologic, Inc.
Long

$HOLX Correction Pattern

By jonwayne02
Updated
HOLX
Testing Correction Pattern theory: Bull Pennant with support. In theory this is ready to bounce – fib trend would suggest 1.27 is at $75.

“I’m not an expert but I have watched a lot of youtube videos.”
HOLX
Note
Breaking the 200SMA will be key. If it resists, I think the chart will fail.
Note
Held the bottom trend line - higher lows, extended-tighter consolidation... I think that tends to mean a larger gap up. I switched to the EMA chart today instead of the SMA and it broke the 50 day EMA and road the top side of the 20 day... I think the Chart is still in play. Let's see how it goes!
Trade closed: target reached
This may continue to go up more but taking some profit now.
Chart PatternsHOLX
jonwayne02

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