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Wahed FTSE USA Shariah ETFWahed FTSE USA Shariah ETFWahed FTSE USA Shariah ETF

Wahed FTSE USA Shariah ETF

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HLAL trade ideas

HLAL - Looking for potential bullish sentiment The price is situated above the Kumo, indicating a bullish trend overall. The Tenkan-sen is above the Kijun-sen, reinforcing the bullish sentiment. However, the recent action shows the price attempting to break past the previous high around $53.00, which has acted as resistance. Recent volume spikes suggest increased interest around the current price levels. A sustained increase in volume is essential for confirming breakout movements. Buy Entry: Consider entering a long position at or above $52.66 (NT level) with confirmation of a break above this point and strong volume. Additional Entry: If a pullback occurs, look for a buy at $52.30, where support can potentially hold up. Place a stop-loss at $51.50, just below the previous swing low and below the Kumo, to protect against unfavorable moves. Monitor economic news that could influence market sentiment. This strategy allows participation in potential upside while managing risk based on key support and resistance levels observed in the chart. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
NASDAQ:HLALLong
by mg6112
HLAL : The bulls are weakening ( Medium term - Wave analysis)This time around we will look at HLAL, a syariah compliant ETF listed on NASDAQ that provides muslims investors exposure to the US stock market. We ourselves had a small portion of our portfolio invested in HLAL as a long term investment though we would not be biased in presenting our analysis here. At the moment, our wave count suggests that the move in wave i earlier last year following the global market meltdown appears to be extended. Based on the wave principle, more often that not only 1 of the 3 impulsive waves is extended and on a very rare occasion, 2 of them. When doing a ratio analysis (using fibonacci ratios) to project targets, in cases where wave 1 is extended we will often find that the length of wave 3 through wave 5 is equal to 61.8% of the length of wave 1. This might support our wave count when we label the highest high in May 2021 as the 5th wave which coincides with 0.618 fib extension from the length of wave 1. Moreover, the negative divergence in most oscillators (we are using RSI in this case) for the past few months suggests the uptrend is weakening and such is also one of the characteristics often found at the end of 5th waves. HLAL is currently resting on a tentative uptrendline as drawn of the chart and could serve as a pivotal point in determining the direction of the ETF for the next few weeks/months. A breakdown below the uptrendline might trigger a bearish reversal at least in the short to medium term in our view. Next support seen is at 34.00 followed by 32.80 level. With the recent bearish sentiment on the broader global market indices however, we are "speculating" that a correction in HLAL might begin soon. One might want to raise a some good amount of cash if such thing is going to happen. Let's see how things will play out
NASDAQ:HLALShort
by afiz_285
IMO HLAL needs to balance is portfolio little bitIve been following this ETF for a few weeks now and I was going to pick it up HLAL tomorrow but I decided to take a deeper look into it. The reason I decided not to pick up this ETF is because of holding in Nike and Apple stocks. These two companies among a few other giants are trying to water down the bill which can help end the slave labour of Uyghur muslims in China. IMO HLAL should consider pulling out of these two stocks as well.
NASDAQ:HLAL
by mfarazktrader
3