HD on the 4-hour chart has reached its highs while being overextended beyond the bollinger band. It has also pulled away from its moving averages. This can cause a bounce off the highs which are acting as resistance trending back to the moving averages. I expect this to be a quick trade, with a 1-2 day turnaround.
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Disclaimer
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.