Cup and handle formation on the weekly charts. Stochastic has crossed over. If the volume persists over the next few weeks, we could see support form and a breakout take place from the handle. This continuation of upwards price action is also reflected by the Kumo cloud lessening volatility.
Buy Around - 10.61 - 10.89
T1 - 12.27 (14%)
T2 - 13.25...
HABT looks very interesting long. It is breaking out on strong volume, after making a nice base. It also has big % insider buy. We think it has good opportunity if it breaks $9.73.
* Trade Criteria *
Date First Found- November 29, 2017
Pattern/Why- Fallen angel formation
Entry Target Criteria- Break of $9.73
Exit Target Criteria- $11.17
Stop Loss Criteria-...
HABT trading near key support 15.34, close below = retest 14 level - if it stays closing above likely to retest 16 level, softer resistance from there. Recommend selling puts during next dip (ideally retesting 15.34). Given growth rate, any shares acquired < 15 = safe bet. Beginner learning TA/charting - thoughts on support/resistance/trend lines welcome:)