HPP - Upward channel breakdown, watching for short entry
Updated
HPP seems running within a upward channel. It has tones of insider selling. We think it will be a good short, so keeping an close eye.
* Trade Criteria *
Date first found- March 7, 2017
Pattern/Why- Upward channel
Entry Target Criteria- Watching for entry
Exit Target Criteria- $28
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date first found- March 7, 2017
Pattern/Why- Upward channel
Entry Target Criteria- Watching for entry
Exit Target Criteria- $28
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Note
March 8th (Evening)- We reconsidered the trade & decided new trade criteria, Entry signal at $34.50. Stop signal $35.13 Target signal $32.13.Trade active
March 9th - went up a bit & hit entry criteria. But closed lower, looking very good as short.Note
March 10th - Spiked down, and made a lower low. Looking good as short. March 15th - Strong reversal & tagged to EMA 9, wait & see situation.
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