Heavy bullish hammer in a trend support
3% jump today, that crossed a downward trend line..
Cover around 42.52
The new high past week overcame the resistance since April and with constantly new higs and new lows we are forming a continuing uptrend within an upward channel.
Looks awesome if we break the cup & handle pattern because also we break the falling wedge exactly at 93.5... a hig risk reward ratio on this one, let see if the cup and handle works
HIG Bullish 5.18%
HIG Call 7.62%
The $42-43 range has expected as resistance for $HIG earlier in the year. Recently it was acted as support.
We could see a bounce here with a tight stop.
Price is in a nice uptrend + pulled back to 20 ema + price action at the pullback