HQY - Head & shoulder formation short from £41.29 to $32.13
Updated
HQY made a nice little Head & shoulder pattern here. Now it seems breaking off the right shoulder. We think it will decline from here.
The decline also supported by the Big insider selling in the multiple millions, multiple execs.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
The decline also supported by the Big insider selling in the multiple millions, multiple execs.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Trade active
March 23rd - Traded down and Hit entry price. Now Wait & see.Comment
March 27th - gapped lower on the open and traded below $38.00. Closed strong running right into trend line resistance. We want to see this remain below this level.Comment
March 31st - Couple of strong upward candle, but still holding below MA100 Resistance label. Wait & see situation.Comment
April 4th- this has run into trend line resistance and is holding below it wellApril 10th - Showing upward momentum, not looking good. Need to keep an eye.
Trade closed: stop reached
failed to hold below our stop loss criteria and stopped out. Taking off list for now.
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