HLF Formed Three Inside Up Day Pattern

By October 16, 2013 Chart Analysis No Comments

HLF has formed Three Inside Up day pattern which is a bullish reversal pattern. Once this pattern is formed then according to Thomas Bulkowski the stock has 65% probability of moving higher. HLF as you can see on the chart fell from $75 to $62 level. The $75 level was hit on October 2nd. On the same day Zack rated HLF as their number one stock to buy.


http://seekingalpha.com/article/1725572-bull-of-the-day-herbalife

For last six days HLF is maintaining $62 level to the downside and unable to cross $65 to the upside. Since probability is high that HLF will move up therefore, traders can put HLF on radar for entry long and sell HLF near $72 level. HLF today closed at $64.71.

Chart of HLF shown.

HLF Formed Three Inside Day Up Formation Three Inside Up Day Pattern HLF Formed Three Inside Up Day Pattern HLF Chart October 16th 2013

HLF Formed Three Inside Day Up Formation

Leave a Reply

Your email address will not be published.