The stock has established a daily range and is attempting to break it. The last daily candle has closed at the Resistance level with strong volume.
I will be observing the breakout in this session. For me, it is a neutral bias until the level is clearly broken. When the breakout happens and the price goes above the level with a reasonable distance, we can either go long or wait for a correction to the level.
Short Term Liabilities: HOV has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: HOV has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
MarketSeaman
⋅
Great idea.Got in after todays pull back.And the best part is there is no visible resistance to 19-20 except maybe 16
mohamed.tharwat.elsherief
⋅
@Antonsb, Thanks Antonsb.. Yes you are right. There is no visible resistance. The Volume is very inviting too. If you are considering some minor resistance as you pointed at the 16 level, then partial take profits and trailing stops is the best option.
Share with us how you will be managing it.
Good Luck
Long Term Liabilities: HOV has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.