HAIN
HAIN Impressive DayNASDAQ:HAIN tried and failed to close under the 200 EMA 4 times. Now it has broken the upper trend line and MACD has turned positive with today's outside bullish engulfing bar.
I like it for a buy but I am going to wait to see if we get a small inside day tomorrow because a rest day would make the setup even better.
Hain Celestial - Correction mode over?The food company, with sales of $ 2.8 billion and 7,800 employees, has already passed the correction phase at $ 25.46 and completing the wave E of 4. The complete previous upward movement has been corrected by more than 61.8% and that is a good trend reversal range.
Hain Celestial specializes in the production of organic and natural products and is currently in a restructuring phase. There is market potential in an increasingly conscious population, and after completion of the restructuring, prices of US $ 90-130 should not come as a surprise over the next 5-8 years. For investors with a long-term horizon, therefore, an entry into this stock should be considered. However, the stop loss should be set at $ 20.06 to reduce the risk.
Greetings from Hanover
Stefan Bode
P.S. If you liked it, talk about it and recommend me.
HAIN - Downward channel breakout Long from $32.37 to $41.73HAIN just trying to breaks its downward channel. It has good insider buying. We think it will be a good long if it can break $32.37.
* Trade Criteria *
Date First Found- April 18, 2018
Pattern/Why- Downward channel breakout long
Entry Criteria- $32.37
Exit Criteria- $41.73
Stop Loss Criteria- $29.93
Indicator Notes- Big insider buying
Please check back for Trade updates. (Note: Trade update is little delayed here.)
HAIN -Long at the break of 37.34 to 40 area. HAIN is forming a fallen angel formation. After a huge decline it is showing some upward momentum as EMA lines crossed upward & it crossed above MA50.
WE think it will go up from here & at least touch gap-down resistance around 40
You can check our detailed analysis on HAIN in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 3:15"
Trade Status: Pending