Technical Summary: For the most part it has been a pretty nice and consistent long term performance from HBL as the stock has found its way to new trading highs. This trend continued over the last year before the stock has recently pulled back from its highs of just over $2.10 per share to its current levels where it appears to be finding some sort of support. Over the long term this will either
look like an area where the stock found support and tennis balled back to new highs in a traditional buy the dip formation. Or it will look like an area where the stock consolidated around support before finding its way to new lows. Whatever eventuality there is little to do at the moment, buy the dip investors would probably need some time or confirmation that this will play out while those looking for further downside may have to wait as the stock does look slightly oversold.