It's do or die time for these two charts and we should get a plunge soon which should provide a good buying opportunity or an upside break which should provide a good buying opportunity. You just have to have a little patience for the trade.
Meanwhile, the Dow Jones Tire Index is bouncing today and it may be a good shorting opportunity when the Daily RSI gets to 60.
In today's trading I took a long hedge yesterday with IACI, which was about the only chart I really liked and got stopped out. If you're hedges aren't working that should be telling you something.
“A good stop order is placed at the price where you're willing to transfer the risk to someone else” ~ Ed Seykota
60 min – on the verge of breaking down within the context of a downward channel.
15 minute chart to really show support on HUI
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