The chart shows HOG to have reversed above its intermediate-term support.
Price is just below the near-term POC line of the volume profile and 30 % below
the intermediate-term POC line where increased volatility could result in
a rejection bounce or alternatively a push higher into the low-volume area
above.
The zero-lag MACD shows the lines crossed under the histogram and crossed
over the zero line.
The Bolliger Bands indicator shows a buy signal with a price near to the lower
band.
Overall, this is a good place to take a long swing trade of stock or even
a call option of 4 weeks duration mindful that it might be strategic
to "ride" the anticipation of earnings on April 25th but close out the option contract
or stock position a few days before the earnings report.
For the stock trade, stop loss and target are drawn onto the chart.
Price is just below the near-term POC line of the volume profile and 30 % below
the intermediate-term POC line where increased volatility could result in
a rejection bounce or alternatively a push higher into the low-volume area
above.
The zero-lag MACD shows the lines crossed under the histogram and crossed
over the zero line.
The Bolliger Bands indicator shows a buy signal with a price near to the lower
band.
Overall, this is a good place to take a long swing trade of stock or even
a call option of 4 weeks duration mindful that it might be strategic
to "ride" the anticipation of earnings on April 25th but close out the option contract
or stock position a few days before the earnings report.
For the stock trade, stop loss and target are drawn onto the chart.