Hey guys, HUBBELL is in a bullish configuration with a sort of marubozu with two legs at their ends and a strong volume feedback performed. By zooming in on the TIMEFRAME M1 we notice a new explosion in the purchase volume negotiated with a marubozu which has retested the top of the equilibrium zone. There is a great chance of breaking the price with momentum and then the area to go in that of the top and come to the top after. With the test of the bollinger high followed by the top of the bearish channel possible rebound on resistance. Check how the underlying reacts to the point.
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Please LIKE & FOLLOW, thank you!