RE: UK Stocks - Watchlist and Discussion
(2016-08-31, 04:10 PM)Echevarriaeric Wrote: Tell me what you guys think of US stock HL, according to stage analysts it looks like it's in a stage late 3 early 4 but it could also be a simple pullback... Tell me what you guys think
Yes it could be in a topping process but will need some time to playout if it is. On the other hand this could be a continuation/consolidation pattern. Look at the 2011 high for the stock and you can see it took a number of weeks to playout.
The question is where do you place your stop; if you are 100% Stan then under the 30w as per the method. If it does endup being a top (which you should be able to see in the coming days/weeks) then you might look to move the stop up under the neakline/breakdown level.