HOV: Strong Volume at Daily Resistance

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HOV is bouncing from a weekly Support.

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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.

Penafian

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