@Allysj Looking at the HCT 11.5 weekly chart shows a headbutt of daily chart supply and then a pullback to retest the 50sma for support. This why it is a good idea to put on a sell order at the next supply level as soon as the buy is confirmed just in case they spike up to test supply as HCT did. This is precisely why I asked @mirren if she put a sell order on at supply when she purchased shares today.
HCT 11.5 daily chart shows a pullback to test the 200sma area.It could come back and test the top of the demand zone before going higher or just bounce off the 200sma tomorrow.
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- Day Trader’s Aftermarket Lounge 20 Oct 2020
Day Trader’s Aftermarket Lounge 20 Oct 2020, page-119
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