Trade Idea HOV Part 2 (long)

HOV was an earlier long trade, it has pulled back and looks like it wants to move up again soon.

 HOV 15 min chart with the first wave of accumulation and then distribution, the pullback and now a second wave of accumulation.

The 10 min chart confirms it. The 1 and 5 min aren't in line yet, but HOV is starting to trade laterally, that's when we often see accumulation. I wouldn't be opposed to a position here with an initial wide stop. Remember because of its price, HOV s a speculative trade and risk management should reflect that.