Saturday, November 15, 2014

Opened HCLP

I opened HCLP at 43.34. 

Last month I caught that V shaped recovery.  I don't think this one will have the same trading action. but it has held up well the past few days as big volume has come in late after HCLP was down in the mornings.  What I like about this set up is the bullish divergence on the sell offs to 40 on a double bottom type move.  If it breaks out of this consolidation range a 10-20% move is likely. 

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