HUB Chart and TA thread, page-34

The upthrusts when they happen usually hold to a very upsloping trend line. Key point on the stock is when it hits the major supply trend line again. Fall there and the next downthrust is even more dangerous. Take it out and this stock starts looking much more appealing since it would mean bulls have regained control. Atm the range bound trading still looks more like a distrbution than an accumulation trading range.


One other set up to consider is that if supply overwhelms it again and it pushes down long term bulls might be waiting for this price point around $9.60 (38.2% fib retracement from the peak) to enter - would turn it into a failed breakdown and set up aspring/break of the supply trend line.