This morning I decided to add HBI to my watchlist. The current price is $10.21. Support levels at 9.30 and resistance at 14.85. Had a pretty big dip in price yesterday of over a $1 per share (about 10% loss). I've read a variety of opinions on this one. Group chats seem to be equally divided among bears and bulls. Personally, I'm going bullish on this one. I do not plan to hold this stock longer than a day a two. I plan on entering anywhere between the current price and 10.30.
Indicator Analysis
Price pierced through EMA, candlesticks trading above moving average in shorter time frames, however, no definite cross has been made in longer period time frames.
Short-period about to cross the orange line from below the zero line. One minute and 3-minute time frames showing the short period already pierced through.
The Current price is already trading below the lower Bollinger band. In shorter time frames, price is close to the middle Bollinger band, hopefully an uptrend is on its way.
Placing my entry order at 10.30, exiting at 12.25. Not looking for something big, just a quick hundred dollars hopefully.
Any thoughts? I would appreciate hearing from the experienced day traders out there. I'm 21 and started day trading just a few weeks ago after losing my time for 4 years following fundamentalists. I like having conversations with people that will help me grow within my journey rather than bullshit on me for my age.
Indicator Analysis
Price pierced through EMA, candlesticks trading above moving average in shorter time frames, however, no definite cross has been made in longer period time frames.
Short-period about to cross the orange line from below the zero line. One minute and 3-minute time frames showing the short period already pierced through.
The Current price is already trading below the lower Bollinger band. In shorter time frames, price is close to the middle Bollinger band, hopefully an uptrend is on its way.
Placing my entry order at 10.30, exiting at 12.25. Not looking for something big, just a quick hundred dollars hopefully.
Any thoughts? I would appreciate hearing from the experienced day traders out there. I'm 21 and started day trading just a few weeks ago after losing my time for 4 years following fundamentalists. I like having conversations with people that will help me grow within my journey rather than bullshit on me for my age.
Comment:
Update: Got to enter at 9.9 thanks to the initial price dip. Readjusting my selling price to 11.5 for my own sake hahaha. Anyone else trading this stock?