Sinclair
Long

Hovnanian breakout

NYSE:HOV   HOVNANIAN ENTERPRISES INC
After finding support from the long term uptrend, look for a breakout to $1.95 - $2.04. Prices could then retest trend before legging up again. Notice how a breakout to $1.95, would set a 1.618 extension at $2.42, which also happens to be the last high.

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