HDR exhibited a classic dark cloud cover candlestick pattern today.
It failed to hold above 2.10 and reversed to end the day at 2.01,
As I said yesterday, it would have only been a buy if it held 2.10 especially on good volume.
For tomorrow.
HDR will probably see 1.95. If it holds at this level, then it might just bounce between those two converging trendlines forming a equilateral triangle. A break from the triangle will likely spark a large move in that direction being up or down.
I'm personally waiting for it to break that downward sloping trendline before I go in, I've been burnt too many times trying to anticipate the direction of a stock on exit from a triangle.
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
