Been moving up over last day and half off the double bottom at 2.7. I see a potential additional 6-10% gain on this stock over next week off the ascending chart pattern. This stock of course moves slow so this could be a 1-2 day swing trade.
HOS seems forming a flag formation, in hourly chart the Flag formation seems breaking out. It has good upside potential if it can break above $3.07 * Trade Criteria * Date First Found- June 20, 2017 Pattern/Why- Flag formation; Fallen angel continuation Entry Target Criteria- Break of $2.96 or $3.07 on a more conservative level Exit Target Criteria- 1st...
HOS is trading in a descending channel. I'm looking to the price action for potential breakouts to the upside.
Down-trending stock over last year that couldn't hold bounce with recent earnings beat. Recent bear-trap pattern and now breaking through 7dma and 62% Fib. retracement (from 6/12 rally to high of 60 last fall.) Using 43 as a stop, looking for a price target of 39 (72% Fib retracement that it bounced off of in the spring)