Hey people, HANESBRANDS is in a fake bearish configuration with a big four explosion in sell volume and a long wick. In the TIMEFRAME 1Min a bull shadow on an early uptrend hums over the Vwap. So with all these conditions are met for the title to go up, big possibility of reaching the next high. Then breakout the consolidation area and go wipe the losses on the previous high. We may want to try again to breakout the new consolidation zone to reach the last high point.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.