
$HUBC End of Day Thoughts
Today looked less like a breakdown and more like a digestion day.
After a move from ~$0.10 to nearly $1.00, the stock spent the session shaking out weak hands, absorbing profit-taking, and building a new range.
What stands out to me:
• Buyers continue defending the higher range
• Volume remains elevated
• Ownership concentration remains a major talking point
• Borrow costs remain elevated
• The stock continues trading multiples above where this move began
The market had every opportunity to completely unwind this run. It didn't.
My view is that the consolidation phase is nearing completion and the next major test is a reclaim of the recent highs near $0.94-$1.00.
If that level breaks, price discovery gets very interesting.
I didn't sell a share.
Tomorrow should tell us a lot.
$HUBC #DYR
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