Monday, January 12, 2015

HOV Trade Setup - 1/12/2015

Here is a setup for a potential swing long on HOV. This setup is based on bounce off supporting trendline, a break from engulfing candle, and a breakout from upper declining trendline. Black dash line is the trigger level, red dash line is the reference stop level, and the blue lines are the potential targets.

(click chart to enlarge)


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