HollyFrontier Corporation: Buy Opportunity on multiple signals.
HFC is currently testing the August 01 High (53.90) and 1D Resistance after a non-stop 15 day bullish sequence that nearly made 1D overbought (RSI = 72.486, STOCH = 79.880, MACD = 1.560, ADX = 60.274). If we convincingly break above that level then 1D will print the Golden Cross formation (MA50 over MA200).
The same pattern was last seen in 2017 and resulted in a +70% rise on a January 2018 Top. The RSI is also replicating a similar pattern. Based on that we are bullish on this stock aiming on the medium term at 65.00.
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The same pattern was last seen in 2017 and resulted in a +70% rise on a January 2018 Top. The RSI is also replicating a similar pattern. Based on that we are bullish on this stock aiming on the medium term at 65.00.
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial