November was a very difficult market to swing trade and I definitely took a few punches on the chin, but that’s trading right? My mentor taught me never get too excited when things go well or too upset when they go wrong, just trade the plan and win more than you lose.
Well today I did just that buying and alerting Hyperdynamics Corp. (NYSE:HDY) at $3.06 on sound technical analysis. This is a stock I know well and it’s been on my watch list for quite some time. So today when it gaped up and held the $3.08 range all day I knew the risk was well worth the reward.
The video below details what I saw and why I alerted my subscribers at $3.06. The close was solid at $3.24 but the after hours session was thrilling driving shares as high at $4 at times before closing at $3.70 as you can see on the chart…a solid 20% already. Based on this price action I think we see HDY trade between here and $4.50 in the short term.
Watch this 10 minute video to understand why I alert my subscribers to HDY today. Be sure to watch it in HD.
To watch in HD, first expand the video and then select 1080p in your settings just below the chart.