HSIC - Almost done consolidating for a run higher
I believe HSIC is almost done consolidating. It's hard to tell on a weekly or daily chart , but I can see by Dec (but hopefully sooner) it should be ready for another move higher.
I will have to look at a possible way to play this Wednesday.
I will have to look at a possible way to play this Wednesday.
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Bought the Dec17 85c for .49. May add the 90c as a short later.
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This may take some time. But that's why I bought the Dec call. If it pulls back to low 76 area, I'll add more.
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Bullish engulfing candle today. Lets see if it can confirm tomorrow.