TaPlot

$HMLP 5 month #Rectangle #ChartPattern #Setup

Long
NYSE:HMLP   HOEGH LNG PARTNERS LP
NYSE:HMLP has formed a 5+ month rectangle chart pattern with $11.90 acting as strong upper boundary resistance that has been testing multiple time. The stock looks ready to breakout this week. A daily close above that level would trigger a long breakout swing entry. Breaking the rectangle upper boundary will also create a breakout away from the 200 MA adding to the importance of the breakout.

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