Long
HEXO Technical Analysis 06/04/2020
HEXO Short term is looking good for a potential move up to 15-18% from current price 73 Cents.
Reason :
1. On a daily chart, Current price is above 20/50 EMA.
2. MACD is above zero line
3. RSI is above the support line and bullish divergence.
Target :
TP1 : To retest the previous resistance at 87-88 cents.
Reason :
1. On a daily chart, Current price is above 20/50 EMA.
2. MACD is above zero line
3. RSI is above the support line and bullish divergence.
Target :
TP1 : To retest the previous resistance at 87-88 cents.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.