As we can see here HST has been moving in a huge symmetrical triangle as we can see here the stock consolidates for about 2 weeks and a half once touching down at support before breaking out to the upside to once again touch the resistance.
Things to NOTE:
1. Bullish Divergence on the RSI
2. Inverse H & S @HERE
3.Bullish PIN BAR on the WEEKLY time frame...
The PEAD projected a Bullish outlook for $HST after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 63.64%.
The PEAD projected a Bullish outlook for $HST after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
The PEAD projected a Neutral outlook for $PXD after a Positive over reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
Based on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF HST exceeds yesterday's high of $19.94 during today's session.
Based on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF $HST exceeds Frisay's high of $20.45 during tomorrow's session.
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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