I'm learning all this- please do your own DD and feel free to criticize my work I jumped on entry too soon but it was 50% of my original position intended and yes - if it ends up bouncing from here then i'll just put my SL on my entry , if not then i'll update the idea I'm thinking of little long term hold on this -like December or so considering Holiday...
This morning I decided to add HBI to my watchlist. The current price is $10.21. Support levels at 9.30 and resistance at 14.85. Had a pretty big dip in price yesterday of over a $1 per share (about 10% loss). I've read a variety of opinions on this one. Group chats seem to be equally divided among bears and bulls. Personally, I'm going bullish on this one. I do...
HBI breaking out of resistance and closing above its 200 day moving average on nice volume.
Similar patterns after filling a significant gap. No explanation, just observation. Hanesbrands is a buy at $20 if price wants to meander down there and hold.