Hub24 closed out of its little Flag Pattern ahead of FY23 Earnings (Tues 21/08).
Looks incredibly Bullish, but extrapolating the "Flag Pole" presents equal case for Supply/Demand zone in either direction.
Will be interesting to see which way Traders decide to take it...good luck to anyone who took the HUB punt.
HUB 24 - the share price has been taking a breather of late, however, the chart is suggesting it looks ready to break out (H&S pattern) and may be headed to test the all time high resistance. Additionally, volume is drying up considerably, which could result in a bullish run up. Looking to enter on breakout with above average volume.
Hub24 has a symetrical triangle formation that is ready to break out. Note: Hub has held up very well in the tech selloff (likely over) and with that in mind the breakout should be bullish & the trend is likely to continue.
Entry:22.72
Stop loss: 21.74
More selective in trading during this volatile period. Long the strongest stocks and short the weakest ones.
HUB broke out with good volume on a day after S&P500 was routed.
i applied my filters to stratergy testers viewd my results saw hub, sure low mrkt cap but long term you shouldnt need to sell and not be able to. i feel this could be a set and forget stock. i need to do more research about the company but in a market as ours of current here is a glimmer of hope
HUB24 runs an investment and superannuation platform that has been having a nice steady run since the March lows. Its just past its earning so looking to see if it builds a base here and continues its run. Not a lot of available stocks, so pick your entry carefully. Worth a look.
Due to macro events it look like its going to be a risk off day, hence why i'm shorting HUB it falls under the financial sector. Both on the weekly and daily are confirming bearish movement such as both time frames prices are below the 13 and 50 EMA, on the daily the stoch looks very bearish and a confirmation on the MACD on the weekly as well. looking for shorts!
