AN INTRADAY (4 HOUR TIME FRAME) HIGH POTENTIAL, BACK TESTED SORT ANALYSIS.
1) STOCHASTIC OSCILLATOR OVERBOUGHT CROSSING FOR SORT MOVEMENT.
2) TWO TOPS DIVERGED TO CCI OSCILLATOR FOR BEARISH MOVEMENT
3) EMA 17 BEARISH CROSSING
NOTE: ENTRY RANGE AREA BELOW THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
took a small position in hbi as like to get in early if i can, Share prices have almost halved since the 4 for 1 split and i think some dividend investors could find interest at this level expecting 50% gains if goes well. will be looking to add after break of the downtrend. will update
a very nice descending wedge . RSI looking bullish as we get closer to making a decision on direction. Very likely we see more strength in HBI even if market has a bit of a pullback after this large financial run. Something to keep an eye on. What do you think?