7 days ago, i did a rough anticipation of what HLF's price would be doing and i had a good earning guess and bad earning guess.
Spot on! Right before earning was released, price shot up all the way to 58.4 which is within the region i anticipated (optimism not due to good earning). Upon hearing lower than expected earning price just collapse and open the day as a gapped down.
I am not trying to show you how good i am at guessing price action, but i would want to highlight to you that HLF is a pawn between the hedge bulls and hedge bears (you know who i am referring to), within 24 hour, it can shot up and then gap down or vice versa. It has happend to me when i started trading HLF where my sold Calls & Puts are exercised within 24 hours. And then i learn. I hope you learn as well.
Take note of this if you are new to HLF
Spot on! Right before earning was released, price shot up all the way to 58.4 which is within the region i anticipated (optimism not due to good earning). Upon hearing lower than expected earning price just collapse and open the day as a gapped down.
I am not trying to show you how good i am at guessing price action, but i would want to highlight to you that HLF is a pawn between the hedge bulls and hedge bears (you know who i am referring to), within 24 hour, it can shot up and then gap down or vice versa. It has happend to me when i started trading HLF where my sold Calls & Puts are exercised within 24 hours. And then i learn. I hope you learn as well.
Take note of this if you are new to HLF
