HAIN trade ideas
HAINI don't see a pattern in play, but price has met a couple of targets here combined with a shooting star and downward confirmation today.
HAIN Bull and Bear CaseHAIN has had a good run throughout 2012. It started off strong in 2013, and has since pulled back after bounding off the .236 retracement near $62. It has broken the teal rising trendline and looks poised for further losses toward the 50% retracement at 55.50 and potentially the .618 retracement at 44.25. While it looks bearish mid term, it could potentially be carving out a large bull flag that would point upwards toward a target of $90.00 long term. If I were to trade this, it would be a long term trade and I would be looking to enter long at 44.25 with a stop at 34.00 and a target of 90.00.
