1HL trade ideas
HL Mining Head and ShouldersAfter a parabolic run-up it appears HL has done a pretty standard H&S pattern. If you look at the hourly, after the initial neckline break there was a clean backtest. Currently we are looking at the first real back test on the daily timeframe.
The target is roughly $2.75. Monitor for break of recent retracement and enter with a stop above the neckline.
HL - Long from current label to $7.13 area HL bouncing back from MA200 & seems made some base here. It is showing upward moment now & we think it can easily go above $7 from here.
Trade Criteria
Entry Target Criteria- current price, $5.83
Exit Target Criteria- $7.13
Stop Loss Criteria- N/A
You can check detailed analysis on HL in the trading room/ Executive summary link here-
www.screencast.com . ( Access only for the subscribers)
Time Span- 1:13:30"
Trade Status: Pending
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Hecla: Is Hecla Mining starting leg three today? I have used here the impuls-wave to get a broader perspective. My count fits in the bigger pattern (and the smaller minuettes-waves) and when my count is right we could be starting leg three. Conformation is above 7.40. Above 7.40 we can calculate the target of impulse-wave 5. Looks promising ...