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HII Swing Trading Range

Written By: ChartChamp

November 18, 2024

HII has been trading in this wedge pattern, and is presenting a buy opportunity near $183.86. There has already been a bullish rebound forming, but I would look for entries close to $183.86. I would also recommend a tight stop loss around $180 in case if HII starts to break down and lose support. I have $286.50 as my price target near the upper range of this wedge pattern. These are monthly candles, this trade is likely to take several months or quarters.

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