I bought HYGS today in a fishhook type trade- it also would trigger on the Elder Impulse . Given the strength of the V shaped recovery I thought this is worth a try. Here's what I see. A break of the pace of the down trend with a successful back test. This is somewhat of a fishhook entry as the strong move held. in at 16.06 Stop 15. 87.
I like this set up as it weathered the downtrend much better than most stocks and now it is flagging. I've found that buying within the consolidation can be a decent low risk entry. However, it might need to trade sideways for another couple of days. It just hit the 13, so it may get a kick but I think its more likely to get its burst when it hits the 20.