HORBECK OFFSHORE SERVICES BULLISH DAY/SWING TRADEBeen moving up over last day and half off the double bottom at 2.7. I see a potential additional 6-10% gain on this stock over next week off the ascending chart pattern. This stock of course moves slow so this could be a 1-2 day swing trade.
HOS
HOS - Flag formation; Fallen angel Long from $2.96 to $4.83HOS seems forming a flag formation, in hourly chart the Flag formation seems breaking out. It has good upside potential if it can break above $3.07
* Trade Criteria *
Date First Found- June 20, 2017
Pattern/Why- Flag formation; Fallen angel continuation
Entry Target Criteria- Break of $2.96 or $3.07 on a more conservative level
Exit Target Criteria- 1st Target $4.11; 2nd Target $4.83
Stop Loss Criteria- $2.42
Please check back for Trade updates. (Note: Trade update is little delayed here.)
HOS: LOOK FOR A POTENTIAL BREAKOUT ON THE DESCENDING CHANNELHOS is trading in a descending channel. I'm looking to the price action for potential breakouts to the upside.
