HUBS bullish divergence

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HUBS bullish divergence HubSpot, Inc.BATS:HUBSvf_investmentHi traders, Technical Analysis The chart shows a clear Bullish Divergence between the price action and the RSI indicator. While the price has been making lower lows, the RSI is trending upward, making higher lows. This suggests that selling momentum is exhausting and buyers are accumulating. Key Observations • Divergence Confirmation: The RSI strength indicates a hidden bullish momentum despite the recent price drop. • Volume Analysis: High volume at the lows (specifically the April 13 candle) confirms a "shakeout" event where weak hands sold and strong hands bought. • Reversal Pattern: The price is holding above critical support levels, aligning with a potential trend reversal. Trading Strategy • Entry Point: Current market levels (~$208 - $210 range). • Target 1: Short-term recovery toward $242. • Target 2: Long-term resistance target at $294 - $296. • Stop Loss: Set below the recent swing low at $186 to manage downside risk. Fundamental Outlook The market is recovering from recent "FUD" (Fear, Uncertainty, and Doubt). The technical divergence provides a strong signal that the path of least resistance is now shifting to the upside.