Reason for HGSI Trade

I'm still viewing this as a short term trade and still believe HGSI will form a larger base for a longer term trade over the weeks and maybe months ahead. For now, I'm just looking at it as a short term play and see what the market offers. You saw the earlier 5 min chart which looked like HGSI had more to offer.

Here's why I decided I wanted to place the order.

HGSI broke some morning support and then broke back above it, the 2 min 3C chart is leading on that move, so that was the positive 3C action I was looking for to re-enter on shorter calls (March rather then the April calls closed earlier today as the April Calls just weren't moving enough).