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LD_Perspectives
23 août 2021 11:11

Trade Setup: HubSpot Inc - Pattern Play Long

HubSpot, Inc.NYSE

Description

This is a 'higher risk' trade and isn't what you may normally see me propose. Nonetheless, we have a consolidation range that has developed to form a flag pattern. This follows the 'earnings gap' (on volume) on 05-August. The aforementioned consolidation has been on declining volume, suggesting minimal selling into these highs.

Long above $669
Stop: $648
Target: $722

Last Close: $663.66
Plus