HUB POWER CO LTDLong
HUBC offers 35% gain
Trade can be entered at 158 by placing SL @ 103 for a TP of 213.
The stock went into bearish trend as soon it broke out the HL around 141, thereafter it consistently posted new LHs and LLs. However, RSI made double bottom instead of making LLs, which indicated the potential reversal of trend.
If 158 being its LH is broken, the stock will be ready to again making new HHs and HLs.
The stock went into bearish trend as soon it broke out the HL around 141, thereafter it consistently posted new LHs and LLs. However, RSI made double bottom instead of making LLs, which indicated the potential reversal of trend.
If 158 being its LH is broken, the stock will be ready to again making new HHs and HLs.
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