Loading up on HBAN. Think the markets will be flying tomorrow. JMO

[whodi]

Will be loading up tomorrow but will pick my spots depending on the opening of the market but I expect a big day tomorrow fellas

HBAN has been trading in a nice 6 day range since the 14th of October. Nice consolidation between the 50 and the 200 EMA. Bounced right off the lows of short-term support from the breakout on July 17th.


1 year chart


http://finance.yahoo.com/echarts?s=H...urce=undefined


6 month

http://finance.yahoo.com/echarts?s=H...urce=undefined

[domafia]

thx whodi, hope you're right and will take a look at this one

[whodi]

Loaded up recently at 8.25. Down day let me take advantage of the premium price.

[whodi]

Bought a shtttt load in mid 7s. Average position now is at 7.85

[Goods]

Nice on HBAN Whodi. Monster pop this morning

[ZoomVT]

nice hit! and thansk for the tip!

im keeping a really tight stop on this one. whats your target price whodi?

[whodi]

thx dom, goods, and zoom, just sold a lot of my position at 10.39 for a gain of $2.54. Will hold over night and see how much is left in this recent run. Will have tight stoplosses.

[whodi]

sold some more at the close at 10.98 for a gain of $3.13. Love the close at 11

[whodi]

Originally Posted by ZoomVT

nice hit! and thansk for the tip!

im keeping a really tight stop on this one. whats your target price whodi?

Sorry for the late response Zoom. My target was for a run to the 10s and I knew if it broke through the 10s with a solid push it could run because not only has it broke out of the consolidation the last 2 weeks it has now made a clear break of the 200 EMA and closed above it in this shtttty market. It has closed above it back in early October but what I see and what makes this different is HBAN has now made its 1st higher high of this downtrend that started after September 19th. Look at the date of the chart below and you will see and it has also broke out of the double top formation, which is a bearish formation to the up side. Look at October 3rd and 14th to see the tops of this formation and the break above the 14th is HUGE my friend. Glad you tailed on this one. I took some solid profits today and decided to take even more at the strong close because you never know with this market today no matter how bullish HBAN looks and all the technicals are very BULLISH right now.

6 month

http://finance.yahoo.com/echarts?s=H...urce=undefined


Check out the 2 year chart. Stock looks real solid when you see a bigger picture of it. Next resistance levels that I would think by looking at it would be somewhere in the low 17s because thats where it started the breakdown back in November of 2007 but who knows how long it can take to reach those levels. It can still breakdown as mentioned before with all of the negative sentiment.

2 year chart

http://finance.yahoo.com/echarts?s=H...urce=undefined


1 day chart- Just showing this so you can see the strong volume especially at the close. What is key and stands out is that HBAN is up almost 68% since Friday and there has not been any profit taking as seen by today's close especially with the huge volume at the close. I expect solid follow through tomorrow because of this and you may see some selling tomorrow on a nice spike, again keep in mind if the market has more bad news before the bell a lot of this analysis is thrown out the window.

http://finance.yahoo.com/echarts?s=H...urce=undefined

[Goods]

Good info also

[whodi]

Thx Goods. Still holding some HBAN. Would love to see it stabilize around the 10 level and then get take another run. If it can hold these levels it will be very positive.

[whodi]

Just added some more to my position of HBAN at 9.27. Still holding some at 7.85

[whodi]

HBAN is looking very strong at this point. It is trading in a 5 day trading range which started on the big day it had on Oct 28th. Short-term resistance is 11 and it is looking very boised to break out of this trading range to the upside. I hope some bought in already and if you have not I definitely recommend a position especially before it does break 11. Hopefully there isn't a gap up tomorrow.

I know I have posted several charts but I want to post the 3 month chart and u all can see how key the 11 resistance is and how poised it looks to easily breakout of it IMO. Volume is definitely supporting this as well. I also love the healthy pullback it had where you did not see a total sell off and now is turning up again for another push.

3 month chart- Look at the 11 level and you will understand what I am talking about.

http://finance.yahoo.com/echarts?s=H...urce=undefined

[Goods]

Don't know if you're still in Whodi.

Bought a small position on HBAN today @ 8.67. Pretty harsh slide since Nov 4 like everything else. Looked to be firming up some today.

[Goods]

Stopped out today as it broke down again @ 8.32 (-0.35)