I'm really hoping this is just an ABC correction and finds support at the $10 level. There's confluence at the $10 level and if we bust through there it won't be looking good. I was tricked into an entry at the $11.60 bounce, the set-up was looking great, I didn't see this coming. Can't win em all I guess.
The thing I don't like is the elevated volume on the decline, especially on the 24th of July followed by a small dead cat bounce then a continuation. On a plus, the volume is on a decline and hopefully, it has exhausted itself. I would say a lot of traders will be picking a $10 bounce, I have been wrong before
HUB Price at posting:
$10.18 Sentiment: None Disclosure: Held
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