HGV trade ideas
HGV was a top gainer, rising +40.12%.Expect Uptrend continuationHilton Grand Vacations (HGV, $21.41) was one of top quarterly gainers, jumping +40.12% to $21.41 per share. Tickeron A.I.dvisor analyzed 50 stocks in the Real Estate Development Industry over the last three months, and discovered that 42 of them (84.62%) charted an Uptrend while 8 of them (15.38%) trended down. Tickeron A.I.dvisor found 133 similar cases when HGV's price jumped over 15% within three months. In 88 out of those 133 cases, HGV's price went up during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend continuation for HGV are 66%.
Daily Ascending Triangle forming with strong volumeHGV was in a strong bearish trend in the weekly time frame. The stock is forming an ascending triangle in the daily time frame with the last bullish candlestick is accompanied by a strong volume bar.
To go long, we need to wait for a clear daily breakout and preferably a retest. The first potential target could be the weekly/Daily S/R
$HGV can rise in the next daysContextual immersion trading strategy idea.
Hilton Grand Vacations is a timeshare company, which develops, markets, and operates vacation ownership resorts primarily under the Hilton Grand Vacations brand.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $19,18;
stop-loss — $18,05.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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