Sharing my observations on the stock
1. Has been bullish for long
2. formed a slanted HNS, what does it say? reversal of the trend maybe
3. the higher high is no more forming and rather we see a lower high, is the bulls in trouble now?
4. the higher lows still continuing so could not say a real bearish trend or reversal.
5. ready to initiate a short one neckline is broken down (3440 ), confirming a short trade. If none, no trade here
Other thoughts are most welcome.
HNY
1. Has been bullish for long
2. formed a slanted HNS, what does it say? reversal of the trend maybe
3. the higher high is no more forming and rather we see a lower high, is the bulls in trouble now?
4. the higher lows still continuing so could not say a real bearish trend or reversal.
5. ready to initiate a short one neckline is broken down (3440 ), confirming a short trade. If none, no trade here
Other thoughts are most welcome.
HNY
Commento:
Went south :( hehe