HLF Follow Up

With that downside volatility you may be wondering what HLF looks like now, personally I don't like chasing anything, even if this may make a 500% move from here, I still don't like the risk involved in chasing. However there is a chance HLF may come to us on a set up, it's not as clear of a head fake move as I'd like because it's short and not highly visible, but it's something to watch for.

 The negative divergence intraday today in HLF only made it to about the 2 min chart, still well within the range to cause a consolidation and that's exactly what it caused.

 Note the triangle and the diminishing volume confirming it as a "Technical" Sym. Triangle consolidation/continuation pattern. Technical traders expect it to break to the upside and it may just do that being there's likely short squeeze pressure on it, but if we get lucky, then we may see a head fake move below the triangle with 3C turning positive, this would be a great set up to enter HLF long on a speculative short squeeze.

No damage on the 5 min chart so that is something I'd watch for if you are interested in the idea.