Double bottom structures along horizontal lines.
Using a higher high trend line we can assume the double bottom will push the price up to that line in white.
Weekly timeframe.
Impulsing down on that C Wave. Indicators inline. VolStop just flipped - indicating an early catch, which we already knew based on Fibonacci anyway.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where...
Price recently bounced off the 200 SMA and the 9 ema crossed the 20 ema on 11/4.
It looks like $4.26 is a reasonable support level (.38 fibonacci level) and the most recent candle managed to close above it after testing the .5 fib level.
Looking for HIHO to hold $4.26 and retest 4.40 with some volume to enter for a swing.
$4.74 short term target.
