200-500 Setup & 4 Inside Monthly Bars

gkm Updated   
NASDAQ:HUT   Hut 8 Corp.
Another 200-500 moving channel daily. For this one, the monthly's have been consolidating inside for the previous four months. The move out of this range should be at least the size of the largest of the four inside bars; in this case about 1.00. Overhead is also the annual pivot. Stop out on a monthly close below the low of the last close of the four bars or, alternatively, 0.50.
Minimum target reached. Small reaction in the 3.22 area as expected. 4 looks reasonable on a break above that. Weekly squeeze only two bars in presently.
Taking half off. Would not be surprised to see continuation however. YMMV

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.