Hino broke its downward channel line in November 24. It posted a high of 545 in Jan 25 and came back to retest the level which broke the downward channel (~300).
Now it is exactly at its Fib 0.236 level, crossing which, it will pace up and move towards its next levels.
Next levels are: 545, 589, 721 and 853 in short to medium term.
Long terms target can be its all-time high level of 1274.
Its not a buy / sell call, just my personal opinion.
Daily, weekly and Monthly RSI are all at or around 60 that show positive momentum.
Moreover, the increasing volumes since it broke downward channel showing active players ;)
One thing to note that its free float is very low, that will cause its very fast move upward (whenever it may be)
Now it is exactly at its Fib 0.236 level, crossing which, it will pace up and move towards its next levels.
Next levels are: 545, 589, 721 and 853 in short to medium term.
Long terms target can be its all-time high level of 1274.
Its not a buy / sell call, just my personal opinion.
Daily, weekly and Monthly RSI are all at or around 60 that show positive momentum.
Moreover, the increasing volumes since it broke downward channel showing active players ;)
One thing to note that its free float is very low, that will cause its very fast move upward (whenever it may be)
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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.
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.