HUDCO on weekly TF
HUDCO is trading at its 52 week high at its resistance. It looks bullish as per price action and volume. If it breaks 90-85 zone and retest it, it would be a good entry point. We may a small down side move or side ways move for a little while. It can reach 150 levels if it goes in a way as described above.
RSI : Above 60 on monthly, weekly & daily time frame
Volume : Looks good in last few weeks
making rounding bottom pattern
One can also trade cup and handle pattern if it cools down at resistance and correct it & then breaks out upward with volume.
RSI : Above 60 on monthly, weekly & daily time frame
Volume : Looks good in last few weeks
making rounding bottom pattern
One can also trade cup and handle pattern if it cools down at resistance and correct it & then breaks out upward with volume.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.