HBAN is in a large consolidation pattern

HBAN is in a large consolidation pattern

A reader requested a stock chart for Huntington Bancshares (HBAN), here's my technical analysis:

HBAN is in a no-man's land right no in between resistance (6.2) and support (4.8). It could continue to grind up along trendline A towards 6.2, or it could drop back to 4.8 and/or trendline B and consolidate some more. In general HBAN looks like it has been in a large consolidation pattern for most of the year. I'd like to see the volume pick up as it approaches 6.2. If it can break and hold above 6.2 then it's headed to 8.

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