Huttig Building Products stock (NASDAQ:HBP) is bullish in
the long-term, but neutral in the near-term. The market is generally in an
uptrend, and so, the current consolidation in the market is just another
opportunity for bulls to find some breath before they continue pushing price
upwards.
Price has gone above the upper Trendline. A movement below
the upper Trendline would show further southwards correction, but in case price
continues to stay above it, it would show that bulls are still willing to push
price upwards.
The RSI period 14 is flat right now, but when momentum returns
to the market, it would go above the level 50 and start sloping upwards. Huttig
Building Products may reach the supply levels at 6.00, 7.00 and 8.00 very soon.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Super Trading Strategies: Super Strategies
Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng
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