Trade Alert $HLF Swing Long 38 or lower I was wat
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Trade Alert $HLF Swing Long 38 or lower
I was watching CNBC a moment ago and they just announced that Bill Ackman has been short HLF for the past 6 months. Generally when big hedge fund managers announce their positions on CNBC it marks a high in their long positions and a low in their short positions.
Taking a look at the HLF weekly chart below you can see that $HLF is now trading at the 200 week moving average. This is a major support area that hasn't been tested since 2009 so it should be good for a short term bounce. I am looking to grab a half position anywhere under 38 and then a 2nd half of the position should it pierce deeper through 35.
What happens is the dumb dumb public will start shorting this stock, setting up for a nice reversal.
[IMG]http://i.imgur.com/s1bUE.png[/IMG]
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