$JSEHCI - Hosken Cons. Inv: Out Of Steam Or Taking A Breather?
Hosken rallied 1187% from 1600 to an all time high of 20600
From May 2022 however, the rally has been fairly lethargic.
Price has continued to make new higher highs but these new highs have been at almost the same level creating a triple top structure.
The MACD however has failed to confirm these new tops creating a double divergence.
For a stock to rally 1187% in three years, one must look at and understand the fundamentals.
Technically, this could just be a consolidation period as divergences do not always lead to major trend changes.
From May 2022 however, the rally has been fairly lethargic.
Price has continued to make new higher highs but these new highs have been at almost the same level creating a triple top structure.
The MACD however has failed to confirm these new tops creating a double divergence.
For a stock to rally 1187% in three years, one must look at and understand the fundamentals.
Technically, this could just be a consolidation period as divergences do not always lead to major trend changes.