Monday, November 22, 2010

Chart Request HUM

While only the hourly chart was requested, these other charts give a better feel for HUM.

 Here's the 5 min chart showing a very positive divergence this a.m./Friday later afternoon. The white box shows a small leading positive divergence which is excellent as 3C is already confirming the price trend, it shows the possibility of additional accumulation even into a decent price move and ups the chances of seeing a follow through move tomorrow as long as HUM has a strong close today, the more volume the better.

 The HUM 15 min chart shows a negative divergence that will be visible on the hourly chart, it also shows two positive divergences into the move up.

 HUM 60-min chart, you can see the first positive divergence leading to a move up, that was sold into at the highs. The small white arrow is the recent move. It takes some time for an hourly positive divergence to develop so the fact it is even present this early is good.
The longer term view shows a trading range, note MACD going from negative to less negative to positive and it is now rising making higher highs, this is what a strong price trend should act like. The heavy red volume often signals the end of a short term pullback.

3 comments:

Bert Lynd said...

Thanks

Mr Pink said...

I don't know if this is of any interest to anyone else, but:

Companies reporting After the Market Close on Monday, November 22

Notable companies reporting after the bell include Analog Devices (ADI), Dole Food (DOLE), Hewlett-Packard (HPQ), Jack in the Box (JACK), La-Z-Boy (LZB), and Pacific Sunwear of California (PSUN).

Any signs for any after-hours nasty surprises here Brandt?

Brandt said...

You're welcome, best of luck!