HIL - Possible Accumulation

Markets can have three possible movements - Up Trend, Consolidation and Down Trend. Usually the sequence of these phases is Consolidation (Accumulation) --> Up Trend (Market Participation) -> Consolidation (Distribution) --> Down Trend (Market Participation). Some might even call these phases as phase 1, 2, 3 and 4.

HIL Looks in possible accumulation phase. This would be confirmed if price breaks the upper bound of the marked channels with strength.

I would buy any pullbacks after break or atleast trial to break the upper channel.

This material is for informational purposes only to show various phases of the market, and is in no way a trading recommendation.