HAIN had a sticky patch for most of 2014 with a lengthy consolidation lasting from January to September. Since then it has behaved reasonably well with a continuation of the bull trend. There was a larger-than-expected pullback in October which breached the previous pivot high and the $100 figure - but the daily 50ma just about held as support. Now price looks to...
NOV14: Negative Divergence. Trend still intact. R@109.43 It still has room to grow to the upside until 112.64 when it'll touch the Upper Channel Resistance. A short term down trend can be expected to take profits and a possible reentry point with a target at 100 do the downside.
Looks good after closing Friday above wedge and gapping up today for confirmation
Bullish engulfing back over 50sma on increasing volume. Long out of wedge to confirm
HAIN has had a good run throughout 2012. It started off strong in 2013, and has since pulled back after bounding off the .236 retracement near $62. It has broken the teal rising trendline and looks poised for further losses toward the 50% retracement at 55.50 and potentially the .618 retracement at 44.25. While it looks bearish mid term, it could potentially be...