HLX - Chart Link- notice how HLX sold off to
perfectly backtest the broken trendline where it found support.
Basic tenant of TA broken resistance becomes support
HLX - very interesting comparison to LPI which has doubled since
mid-May. HLX looking poised to do something similar,
possibly.
LPI took off after it broke over resistance that went back to
last Nov. HLX has a similar chart, and is just now
approaching that resistance from below. Obviously different
companies with different products/services; just noting the
similarities in the technical setup.
I took a sizeable position this morning, a little after that
pullback. Looking to add upon BO.
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HLX technical observation
Posted by matt on 24th of Jun 2021 at 12:52 pm
HLX - Chart Link- notice how HLX sold off to perfectly backtest the broken trendline where it found support. Basic tenant of TA broken resistance becomes support
HLX - very interesting comparison
Posted by rjdst on 24th of Jun 2021 at 01:04 pm
HLX - very interesting comparison to LPI which has doubled since mid-May. HLX looking poised to do something similar, possibly.
LPI took off after it broke over resistance that went back to last Nov. HLX has a similar chart, and is just now approaching that resistance from below. Obviously different companies with different products/services; just noting the similarities in the technical setup.
I took a sizeable position this morning, a little after that pullback. Looking to add upon BO.