HWH is currently breaking out, showing bullish signs to continue pushing to the $6.25 Price Levels of Previous Support from it's breakout in yesterday's session, prompting a retest in which we expect rejection, consolidation and a more determined path at that time, so long as we hold this lower support trend going into tomorrow's trading session.
Trade active
HWH blew through our $6.25 and hit $7.15 before consolidating. We're currently seeing it consolidate on that lower support - $5.45-$5.55. Looking for a hold and continuation higher. Trade closed: target reached
HWH hit $7.15 and ran into strong resistance, and failed to overcome $6.84 resistance from that point, consolidating back to $2.83. We are at the end of a Descending Wedge, so we could see a Compression Pop to retest $3.44 and move on to the next target $4.33, $4.71 next. Closing trade: target reached.
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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.