HGS Daily Breakout - Watch out for trend direction next 2-3 days

HGS break out of the wedge pattern yesterday and formed a bottoming tail, which is bulling. Volume has been above average last 2 days, showing some strength. Likely chances to fill the gap upside at 3236 from current price, as shown in green highlighter. If it fails to move upwards and comes back in the wedge pattern, it will first fill the gap down at 2788 and then it will hit the lower trend line of the wedge and will try to break out again to fill the gap at 3236. If it breaks above the 3236 it will test the all high prices and beyond. Watch out the trend for next 2-3 trading days.

Trade geschlossen: Ziel wurde erreicht:

Closed at 3335 on 9 Dec. Target given was 3236