NASDAQ:HCDI   None
So I have been tracking this chart, we were discussing a W break up pattern potentially if we could hold $3.30 as support. The problem is although we got rejected close to my area of 424, we didn’t quite reach it and unfortunately I didn’t get any sells in that area. I was pretty busy at work and wasn’t able to manage the position. Anyways, we still have this large break out of the down training resistance and we also still have this uptrending support line coming from the four hour all the way to the daily and weekly. To me holding this to 2.60 add support is going to be very critical and if we start to lose and close candles below I’m gonna have to close my trade. $2.83 is the down training resistance line zoomed down to four hour chart. So breaking above that it’s going to be our first step as well as clearing 301 and 330 once again. Technically we can take a trade off of the 260 or 275 area, but we have to remain cautious if it does lose $2.60.

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