NASDAQ:HAIN
Possible Scenario: LONG
Evidence: Price Action , Dark pool activity, Options flow.
TP1: 42.15$
TP2: 44.75$
TP3: 46.52$
Call options 12/17/21 strike 42$
Call options 12/17/21 strike 41$
*This is my idea and could be wrong 100%.
NASDAQ:HAIN tried and failed to close under the 200 EMA 4 times. Now it has broken the upper trend line and MACD has turned positive with today's outside bullish engulfing bar.
I like it for a buy but I am going to wait to see if we get a small inside day tomorrow because a rest day would make the setup even better.
I. Analysis
1. Since beg May the price has been testing resistance area drawn and bouncing back but making HL
2. Once price tests the resistance area, selling pressure should be able to drive to at least to the previous support. Instead, buying pressure is stepping in at increasingly higher levels, suggesting a breakout may be following
3. In addition to the...
both at nov 18 and nov 19 stock crashed after hitting 26.5 (and red earnings ) so I assume if it goes above 26.5 (also half round number) it will continue higher.
also above EMA20, EMA50 & EMA200
** invest at your own risk, I do not promise any kind of success with my ideas
The food company, with sales of $ 2.8 billion and 7,800 employees, has already passed the correction phase at $ 25.46 and completing the wave E of 4. The complete previous upward movement has been corrected by more than 61.8% and that is a good trend reversal range.
Hain Celestial specializes in the production of organic and natural products and is currently in a...
