Long HAIN value play reversal?HAIN Recent break to the upside to reverse downtrend as it breaks the 21d and has tested 3 days now. Looks to break above and represents value in the space after recent fall. WWAV setting up similarly
HAIN trade ideas
HAIN support level I make stock analyses before the opening, these levels i draw are strong support/resistance and are the most powerfull on the same day. So i use them the moment when the market opens.
You can see somethimes i use 2 - 3 levels because i dont know where the market will open.
when the market open i see witch levels are still valid if it gaps above or under my level this one cannot used anymore.
If price come close to my level i place a limit order.
time frame i use are 5-10 min candles if price close right under or below the level with few penny's its of the table ! my risk reward ratio is 2:1 would be good to use trial these are scalp trades in high illiquidity market conditions !
Grab cup of tea and watch after months of in and out of HAIN calls, day is finally here and i forgot to get lottos. GL to all, either side you bet. Chart is bearish. Options protective bias.
$HAINNo mans land. More bearish than bullish tone. More probability of breaking the wedge to the downside.
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
Hain is a buyin an upward channel with resistance at 51.39 and support at 47. if it falls below, strong support at 44, then sell
HAIN bull flag as price approached $120HAIN had a sticky patch for most of 2014 with a lengthy consolidation lasting from January to September. Since then it has behaved reasonably well with a continuation of the bull trend.
There was a larger-than-expected pullback in October which breached the previous pivot high and the $100 figure - but the daily 50ma just about held as support. Now price looks to be trending well, although the pullbacks (especially of the last bull flag on the daily chart) are deeper than I would like.
I think this stock needs to be given a bit more time to show us what it can do. Volume is also on the low side. But I expect price to continue moving up - albeit a little erratically.
Watch out the 109 Resistance level. NOV14: Negative Divergence. Trend still intact. R@109.43 It still has room to grow to the upside until 112.64 when it'll touch the Upper Channel Resistance.
A short term down trend can be expected to take profits and a possible reentry point with a target at 100 do the downside.
