HAIN Bull and Bear Case
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 carving out a large bull flag that would point upwards toward a target of $90.00 long term. If I were to trade this, it would be a long term trade and I would be looking to enter long at 44.25 with a stop at 34.00 and a target of 90.00.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.