HUDCO - Getting ready for a strong upside breakout Long

HOUSING & URBANNSE

Description

⋅ Feb 12, 2021 5:47 AM

Hi Dividend Lovers,

HUDCO is getting ready for a nice breakout above 47. If this works out, we are looking at price coming out of 847 days' consolidation.

I hope you will benefit from this knowledge
-MetaVish

Support and Resistance Head and Shoulders

Comments

Taurus333

⋅ Feb 26, 2021 7:18 AM

It is a weekly chart. So entry should be done when it closes above 47 on weekly charts or on the daily charts?

MetaVish

⋅ Feb 26, 2021 7:31 AM

@himanshu93, It is always Daily close. One might miss a big move if wait for a Weekly or Monthly close.

Taurus333

⋅ Feb 26, 2021 8:47 AM

@MetaVish, Thanks! Great advice! Let's wait for it to close above 47.