tradeflowadvisors

HUBC - BEARISH REVERSAL WITHIN A BULL FLAG

Short
PSX_DLY:HUBC   HUB POWER CO LTD

HUBC is currently trading within a Bull Flag pattern, with the price encountering resistance below 118.30. Multiple resistance levels are preventing a breakout from the flag resistance zone. The price appears poised for a bearish reversal towards the levels of 111.80 to 102.70. It is probable that the flag channel's bottom support around 104 / 102 levels will be tested.

Consider selling with a STOPBUY set above 119.

Targets: 112.70, 111.30, 108.00, and 104.

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