Long

ASX NHF Long

Updated

Detail is in the chart.

Encouraged by seeing Pardis post re ASX Stocks ... hat tip

Note

Feb 4 1330 AEDT
Breech ... ouch (yellow uptrend and $4.60) and ouch again ($4.55 support).
... and that is why we have rules!
Noted: Bullish absorption on bar of Feb 3 with slightly higher volume.
Watch volume on this one for evidence of support turning up for the Dividend.
If it doesn't hit $4.40 (skeptical) then buy the upside breakout or channel re-entry,
Notice the body ranges have now shortened to 5c (were 10c) and it is patterning into a bullish downward sloping wedge.
This could be a nice little profit earner!

Note

Feb 9 20.00 AEDT
Very bullish absorption bar Feb 6 on big volume.
Notice volume of last few days - very bullish - somebody knows something, and they don't hate it! ... unless they read my post (above)! ... (hahaha)
I will get some (more) of this if I can find a sweet entry point on a lower time frame.

Note

Feb 20 13:00 AEDT
Profit results announced:
- Total Group revenue of $995.0 million (+7.3%)
- Net Profit After Tax (NPAT) of $71.1 million (+65.0%)
- Group underlying operating profit (UOP) of $95.21 million (+43.4%) and
statutory operating profit of $90.9 million (+53.3%)
- Earnings per share (underlying) of 17.1 cents per share (+55.5%), earnings per
share (statutory) of 16.4 cents per share (+65.7%)
- Interim dividend of 8.50 cents per share fully franked (+47.8%)

Stock gaped open above resistance at $5.00 now support.
Another massive load of volume on Feb 8 ... very coincidental!
Time to take some profits off the table, as I believe it will pull back post euphoria, then rally again towards the ex div date.
I appreciate the support ("likes") I received on my earlier analysis. I trust you have benefited from this.
... just my 2c worth

Oh_If_Only

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.