Long HNG
Entry: 6.8 - 7.5
Exit: 6.5
Target 1: 11.6; Target 2: 18.4; Target 3: 28.7
Signal
+ Weekly chart price below 2 MAs => downtrend. Daily chart price go above MA 26 and below Ms 182 => Neutral.
+ Bullish divergence from Mar 20 to Sep 2.
+ Stopped volume bars appear during few recent months and price lose momentum to drop lower.
=> Signal to reverse trend from downward to upward trend.
Entry: 6.8 - 7.5
Exit: 6.5
Target 1: 11.6; Target 2: 18.4; Target 3: 28.7
Signal
+ Weekly chart price below 2 MAs => downtrend. Daily chart price go above MA 26 and below Ms 182 => Neutral.
+ Bullish divergence from Mar 20 to Sep 2.
+ Stopped volume bars appear during few recent months and price lose momentum to drop lower.
=> Signal to reverse trend from downward to upward trend.