HOV long Update

Last Wednesday, the 24th  posted Trade Idea HOV Part 2 (long) this was our second so far successful trade in HOV, thus far up 18.5% and well over 22% intraday today.

 Here's our second long trade entry in HOV.

 The 30 min chart which contributed to the long call, note the head fake in red and the negative divergence at the HF, then accumulation and our long on the 24th.

 The 15 min chart was part of the call too, as it went positive with accumulation.

 The 1 min chart is showing some profit taking here, since this is a 20% gain in 3 days, I would trail a stop behind it for at least partial profits.

Here's the 30 min trend channel and even though we have a 6.4% move today, I would still keep some trailing stop on this trade. Right now the TC is around $1.62, but it will move up with any additional gains, feel free to email me for stop updates.