HBM trade ideas
Sell The Pullback $HBMHudbay pulled back to a past support/resistance zone, along with the 50dma was which has been acting as dynamic support/resistance, where price was quickly rejected. Day late on this, but I'm going short on the pullback to the next support level, trading with the downwards trend.
HBMHBM tagged teh 25DMA and with good volume is moving higher. The recent sell off has reset the RSI and is nearly there on the %R. 50% retracement on the Fibo looks good. I supect this is a low risk spot to get in and ride up to $6.50. Set a stop below the 25sma.
pennies to thousands above cloud candidateabove 50 and cloud-cci and percent r going to upper band see why it is important in our book on amazon-stop loss bottom of cloud-price volume and money flow good-stoc and mad crossing-relative strength good
