ChArtWorks_TechnicalArts

Hawaiian Holdings Triple MacD Bearish Divergence

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NASDAQ:HA   Hawaiian Holdings, Inc.
Good evening ladies and gents, another trade set up here. HA in a Rising Wedge pattern which is inherently bearish inside of a bearish trend as well. You are showing Daily Triple Bearish Divergence on the Oscillators. Common exit targets of a wedge are between the .382 and .618. Although, I usually take my profit at the 50% retrace and the .618. I may save a small amount just in case we test critical support at the bottom. I would like to state that this trade set up as a lot but the only variable it's lacking right now is the fact that you are not overbought on the daily rsi. It does have room to run up on the RSI, although you do not always hit it.

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