Cup and handleCup & handle that’s been formed since January. After an insider sell (sept 16) the price dropped a bit, but then after, an increase in volume, and it then broke the resistance line
HLIT
HLIT - My new end of May play.I'll be updating this post with more indicators as to why I'm bullish on Harmonics from a technical standpoint (MACD, EMA, Fib Retracement, Volume, etc...)
But on this first chart we see we not only have a very strong MACD but we also have huge upside on the Fib Retracement. When I look to pick my new plays I typically look for EMA 50 crossing above the EMA 9 and with an RSI below 60 (not overbought)
I'll keep updating the various indicators and include the sell strategy I hope to implement in my free time this weekend.
Have fun trading and look both ways before crossing the street
*Delgado*
