Harnlen is displaying signs of potential strength, with an upward trajectory that remains above the EMA50 breakout point. This indicates a possible continuation of the uptrend for the stock
HARNLEN (CASE STUDY H4)
Price breaks below support trendline, currently mitigated fresh demand zone in H4. Possible liquiidty grab before new rally? Lets monitor closely.
*Personal opinion, trade at your own risk*
A significant price movement on recent trading makes a breakout signal with price candlestick closed above MA20. MACD and OBV charts indicate a positive uptrend. High possibility of a long trade position. To place your bid, it is best practice to use the VWAP indicator as a guide and place your bid below the VWAP line. Put HARNLEN in your WL and watch out for more...
Using Fibonacci Retracement HARNLEN is in a rebound pattern from the lowest support level. MACD and OBV charts show an early stage of the divergence signal. Put HARNLEN in your WL and watch out for significant price movement with volume.
R 0.895
S 0.760
We observed cup and handle pattern in the stock at daily timeframe, giving a potential of +41% upside. It would be safe to enter after it breaks the 0.785 resistance.
EP 0.790
TP 0.945, 1.000, 1.05
SL 0.665
RRR 1:2.25
In weekly timeframe, MACD confirms a breakout bias, therefore we believe on breakout to happen next.
HARNLEN is a light stock with very little...
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DISCLAIMER: This analysis is for reference and learning purposes only. It is based on my personal view in the market from a technical analysis standpoint. None of information posted in this chart can be used as investment decisions or investment...
