HDSN trade ideas
HDSN - Hudson Technologies, Inc.Had breakout on Friday. Noticeable volume on the shortened trading day. Don't mind buying around the Friday highs, prefer a small pullback maybe into the $11 area. Stops 2-3% below Friday's low.
Market environment is still making me want to realize quick gains, raise stops quickly.
Small cap ($500m), growth may be decelerating but still low valuation (6.8 f.p/e)
HDSN heading on up $14.00HDSN is showing a classic bull formation for upside.
We have a Double Bottom accompanies by 7>21>200 Moving Averages.
Right now we are seeing a retest to the 21MA which hopefully it gets its catalyst for further upside.
I don't like how the breakout was treated, but the system is the system and the long is activated.
Buy HDSN Technology Strong Fundamental
the company's still-low valuation multiples;
longer-term EPS growth because of HFCs account for the majority of F-gas emissions
California Bans Climate-Warming HFCs in New Air-Conditioning and Refrigeration and it's posibile to be extended to other state
Very Good Rankings compared to peers ( DXP , KRT, ALTG ). Number 2 in Industry
Very Good price
Good results of the second quarter of 2022 => management Increase Guidance
Risk is recession
Technically the price will face a Major resistance from 22 July
I already Bought but conservative traders must wait green Volume Progression above MA and Candlestick Pattern.
$HDSN Setting Up Cup with Handle after Mini-Coil Cheat Setup$HDSN mini-coil cheat setup at 9.75 and moving higher. Look for it to pause and form a handle for a lower risk buy point
pair trading us stockSymbol: RIVN NASDAQ:RIVN
Short selling reason
time: 1.30pm
The turnover rate is 7%, the volume ratio is more than 1, and the decline is more than 7%. TTM PE loses money, annual income decreases, and short selling appears. It is a weak stock for half a day, and a weak stock for many days.
Symbol: HDSN NASDAQ:HDSN
Long reason
time: 3.30pm
Buy reason
The turnover rate is 4%, the volume ratio is more than 1, and the increase is more than 6%. TTM PE is profitable, annual income increases, and bulls appear. At this time, they are all strong stocks, and they are strong stocks for many days.
HDSN might have finished the 3th WaveAfter a long correction Hudson Technologies seems to have completed a 3 waves move to the upside, (v) was a pip shy from the 61.8% Fib Ext , volume is drying, RSI already making lower highs and MACD decreasing, there's a high chance of a correction, that would be Wave 4th . We should wait for a pullback then we could look for a trade to catch that 5th wave to the upside.
HDSN Ascending TriangleHDSN showing ascending triangle.
Wait until breakout to buy.
Target 1 @ 4.03
Target 2 @ 6.76
HDSN I think the target will be 2.4$HDSN is uptrend above MOV50
RSI > 40 MACD will cross
CMF > 0
I think the target will be 2.4
$HDSN swingSells the refrigerant chemical needed for corona virus vaccine refrigeration. Get in around $1.45. Stop loss $1.20. Take profit around $2.00
$HDSN Another tightening wedge to watch here.Another good looking wedge here, looking for a bounce soon.
HDSN_Breakout WatchConsolidating over the last 2-weeks. Watch for the trend to continue with a break of .65.
Whats Going On Here?Hello Traders! This stock came up today as a big initial runner, I didn't find any meaningful news on this stock please comment below if i'm wrong on that. But looking at the technical's they look strong for a potential continuation tomorrow, so ill be watching. For the uptrend to continue we will need to see a break and re-test of the 0.64 level. That would give us the best opportunity to enter for bullish play. For the shorts, the main level we will be watching 0.55 , as a break and re-test below there as it would break the current structure. Make sure to set your alerts! And good luck! Dont forget to LIKE and FOLLOW for more! Find my video analysis on youtube! Have a great rest of your day!
HDSN - Flag formation, potential intraday Long entry opportunityHDSN also forming a flag formation. Looking very good. We are keeping it in watchlist for potential intraday Long entry opportunity.
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