A common occurence in bull markets are stocks with text-book short set-ups that just refuse to die. They hover over support but don't roll over and then one day they catch a bid and rip off the heads of the shorts.
Here is a chart we posted a few days ago:
HIG was our go-to stock this week if the market sold off and it broke 23. As you can see it didn't break 23 and instead reversed and completely obliterated the descending triangle pattern. The stock was a long on the trend-line break/50 SMA ( we weren't involved).
Moral of the story is when a stock sets up short but refuses to roll over, be careful and don't anticipate -- wait for confirmation.
50 minutes ago