A week ago, when HL was in the low $4 range, I noted that it had a very small window of time to get above weekly Ichimoku cloud resistance at $5.25, but that it was looking unlikely due to the size of the move required.  (That first window, shown below, opens next week.)

However, this week’s huge 13.7% move higher has gotten price a lot closer to that threshold, but it is going to take something equally as big to get us above $5.25 next week.

If it fails to get through, the next opportunity to break through would come in August 2024.

Weekly stochastics are pointed upwards and are not yet overbought, and the MACD has crossed definitely positive and is still below the zero line, so those are both still tailwinds.

Let’s see what next week brings.