HOV is a puzzle. If you look at your chart, the last bump or hump in it only saw it get halfway to overbought. That is, your RSI never got above 70 and slow stochs didn't get a whole lot above 20:
stockcharts.com[h,a]daclyiay[pb200!b10!b50!d20,2!f][vc60][iut!Ub4!Ua12,26,9!Lh14,3!Lc5!Ld20!Lj[$spx]!Lf]&pref=G
I would expect that process to repeat; that is, if you wait for it to get overbought on the indicators you'll miss the chance to sell it. Maybe it's at 35, or 36, tops? Or it might not get that far, maybe the resistance at 35 will hold this time.
HOV has blown through resistance before, but times change, and the homeboy (long) story is pretty much discredited by the charts, if not by the FA holdouts.
Kb |
