HDY Follow Up-New Position

HDY was featured Feb 16th as a trade for that day it's now up close to 24% and in an area in which a new break out looks likely to occur. If you didn't catch the original trade, you may want to consider looking at it here.

 We caught this one just coming out of a triangle. It's consolidated a bit laterally through time and looks like it's getting ready to try to take out the next resistance level.

 Here we can see on the 15 min chart, accumulation, a move up since then that has been confirmed with 3C.

 Intraday there's another triangle and volume looks right for this type of consolidation. There's always the chance of a downside dip below the triangle before a move up, but we didn't see that last time.

If you are considering this trade, you may want to use a tighter stop as sen on the 60 min chart here around $5.87