HOV: Strong Volume at Daily Resistance

168
HOV is bouncing from a weekly Support.

snapshot

The stock has established a daily range and is attempting to break it. The last daily candle has closed at the Resistance level with strong volume.

I will be observing the breakout in this session. For me, it is a neutral bias until the level is clearly broken. When the breakout happens and the price goes above the level with a reasonable distance, we can either go long or wait for a correction to the level.

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.