HLF -neutral- Potentially seeks a swing low above support zone
HLF pulled back from the 61.95 new YTD high (August 10, 2015) towards the
38.2% of the 49.00/61.95 rise at 56.93. Potentially a swing low could form near the 55.86 area (June 25 12, 2015 range high)/55.42 (50% of the 49.00/61.95 rise)/54.11 (near 61.8% of the 49.00/61.95 rise) ahead of the next upleg towards 61.95.
Outlook:
Short term: neutral
Long term: bullish
38.2% of the 49.00/61.95 rise at 56.93. Potentially a swing low could form near the 55.86 area (June 25 12, 2015 range high)/55.42 (50% of the 49.00/61.95 rise)/54.11 (near 61.8% of the 49.00/61.95 rise) ahead of the next upleg towards 61.95.
Outlook:
Short term: neutral
Long term: bullish
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