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HCLP - Wade, it's just moving sideways, churning

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value1008 Member Profile
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value1008 Member Level  Friday, 11/10/17 12:41:11 PM
Re: wadegarret post# 40992
Post # of 41602 
HCLP - Wade, it's just moving sideways, churning a bit and consolidating gains after the strong move back up (after retrace down in early Oct, coming after the much bigger move up from mid-August).

You've been told this before by folks here: stocks don't go straight up. As i pointed out the other day, there was a "failed" double top at the just-under-$11 mark, so the stock is simply regrouping.

I'm not in HCLP, but the chart does look bullish, with the pps oscillating around the rising 9dma. 50dma is rising strongly. You've got a big green Ichimoku cloud ahead. RSI is not nearly "overbought" down here in 57s. WilderADX at 32 is definitely in a "strong trend" realm, and that trend is obviously up (the one caveat here is that the leading green line has dipped below the main line, but a positive day, say on Monday, will likely pull up that green line again).

This stock could easily be over $11 in next week or two... Jmo.



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