Jun. 30 at 3:31 PM
One of the two names I shared earlier was
$HLIT, and the structure here still looks constructive.
We’ve had about a month of low-volume consolidation after that strong earnings gap, which is exactly the kind of cooling phase you want to see after impulse expansion. No heavy distribution, just digestion.
Bollinger Bands have been tightly compressed and are now starting to expand again, which usually signals volatility is coming back into the system. Price is still holding above all key moving averages, so the broader trend hasn’t broken.
What I also like here is sentiment reset. The post-earnings hype has faded, positioning is cleaner, and that often sets the stage for the next move if momentum returns.
Not calling breakout yet, but this is firmly on continuation watch as long as it holds the moving averages and keeps tightening/expanding in structure.
Curious if others are seeing accumulation here or still in wait mode
