Chartoholic

HOV formed a head and shoulder pattern

Long
Chartoholic Updated   
NYSE:HOV   Hovnanian Enterprises, Inc.
HOV formed a head and shoulder pattern and is attempting to break out. The last candle breached the neckline on high volume but the daily close was below the neckline, long the breakout to target 139.43$, stop loss daily close below 92$.
Hit the like button please if you find this useful :)
This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Order cancelled:
The stock did not break out

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.