HL Mining Head and Shoulders
After a parabolic run-up it appears HL has done a pretty standard H&S pattern. If you look at the hourly, after the initial neckline break there was a clean backtest. Currently we are looking at the first real back test on the daily timeframe.
The target is roughly $2.75. Monitor for break of recent retracement and enter with a stop above the neckline.
The target is roughly $2.75. Monitor for break of recent retracement and enter with a stop above the neckline.
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