HLT-WA - potential +40% gain ahead?In H1, we observed a pullback entering 61.8% support. We also observed the counter is in major uptrend and ready to form a new higher low anytime soon. Based on previous pullback, using Time-based Gann of 1.0, we expect the HL could complete somewhere ard 3-February, before doing a quick jump of +40% to 1.41.
This would be invalidated if price break support of 0.87 which breaks major uptrend.
Sentimen: Extended MCO and overvalued glove counter causing volatility of the price
TAYOR
HLT-WA
HLT-WA - possible limited upside to close exhaustion gapThe stock is highly overbought now where it already making a strong move in past few trading days. We expect the stock will continue limited upside for a few candles to close the previous exhaustion gaps and continue with a pullback (should the glove sentimen fades) towards area of value around 38.2% (1.08).
Best is to wait to buy on dip in the area of value during pullback.
Sentimen: Covid cases all time high, uncontrolled situation, and possible MCO (Mandatory Control Order) in coming weeks
TAYOR
HLT-WA potential upsideRunning through an uptrend parallel channel since 11-Sep, HLT-WA has potential to continue making Wave 5, as long as the channel didn't break. Strong support identified at 1.01 and 0.645 region.
Bankers chip still low at this point. It needs to break 50% before it could really fly.
Volume still low compared to August. With Glove-Vaccine sentiment and political uncertainty in Malaysia, the stock might have some slow movement, unless more catalyst generates in Glove sector.
This stock move inline with its big 4 brother, so this is still worth venturing.
TAYOR guys !
p/s: I'm no expert, only a newbie trader practicing my new understanding on EW. Please help guide me to the correct path if you see any room for improvement. Thanks everyone.
