All I’m Watching on HFC is $24.18

I present for your attention the current situation with HFC, a Fly favorite in a Fly favorite industry. I’m long. And I want to see a close above $24.18 to get confident about this position going forward in the intermediate. Have a look at why, via the following daily and weekly charts:

My sell target is high $26’s. But there is risk this bounce won’t stick. I’ll cut the position if we lose $21.50.

May your looking back at 2011 provide valuable insight and your 2012 forecasts prove accurate.