HUBC -PSX - Technical AnalysisHUBC on Daily TF is going bullish. RSI momentum indicates a steady rise and hence prices are going up. KVO also is suggesting that trend is going upwards but still the real Bull run has not begin. Weekly channel has been drawn. Once, this weekly channel is broken upwards then the real bull run will kick-in.
Therefore, sensible trade plan will be to now (Buy-1) and then exist (TP-1) at upper weekly resistance line. Then if the price breaks the resistance, buy again (Buy-2).
Butterfly Harmonic pattern has also been drawn which if respected by the price, then the weekly upper resistance line will not be broken. In that case price will drop to point C where a new buy can be initiated (BUY-3).
LONG (Buy) Call
Buy-1 : 118.20
SL 1: 102
TP-1: 137.00
Buy-2 : 140
SL 2 : 135
TP-2: 165.00
BUY-3: 103
SL 3: 93
TP-3: 165
HUBC
HUBC - BEARISH REVERSAL WITHIN A BULL FLAG
HUBC is currently trading within a Bull Flag pattern, with the price encountering resistance below 118.30. Multiple resistance levels are preventing a breakout from the flag resistance zone. The price appears poised for a bearish reversal towards the levels of 111.80 to 102.70. It is probable that the flag channel's bottom support around 104 / 102 levels will be tested.
Consider selling with a STOPBUY set above 119.
Targets: 112.70, 111.30, 108.00, and 104.
HUBCHi Folks,
HUBC start has drawn an orderly consolidation that was worth to be reviewed
• A big move in the past 1-3 months anywhere from 30%-100% the rally last for a few days to weeks.
• Orderly consolidation with higher lows & tightening range
• RDM, VCP
• Stock surfs the rising EMA 10 or the EMA 20
• Volumes are significative compared to previous phase
• Volumes dry up at the end of the consolidation
• Volumes are strong during the breakout
This is a short term graph, exit should be considered when crossing down the EMA10
HUBC tumbled over 9.7% after a bearish pattern recognitionHUBC tumbled over 9.7% after a bearish pattern and death cross recognition.
Looks like Bouncing off from the support LINE and RSI as well. A short-term pullback can't be ruled out. Might retest to 80.60 - 82.00 levels.
HUBC a short-term pullback cant be ruled out