$HLNE forming 5 month #Rectangle #ChartPattern

23 de set. de 2020

The stock attempted to close above $75 and head into ATH territories but failed to do so on multiple occasions. The stock has now formed a 5 month trading range with $61.50 acting as support that has been tested 5 times. Selling volume has been heavy in recent days and the stock has closed below 200 MA 8 out of the last 9 sessions. A clear daily close below $61.50 would confirm the 5 month reversal rectangle chart pattern with price target down to around $46.