Volume is quickly drying up on the $HP 4hr chart.
Gap to be filled back at the $15.40 down to 14.90 range.
SMI has flipped.
30% Run up in 6 days.
These 4 indicators say that we will most likely see a pull back this week and possibly next.
I personally would like to see it drop back into the gap or a bounce off the .618 fib.
I would hop back on the bullish train it it breaks above $17.53 on the daily chart.
Gap to be filled back at the $15.40 down to 14.90 range.
SMI has flipped.
30% Run up in 6 days.
These 4 indicators say that we will most likely see a pull back this week and possibly next.
I personally would like to see it drop back into the gap or a bounce off the .618 fib.
I would hop back on the bullish train it it breaks above $17.53 on the daily chart.