HEAR continues its swing into Friday with a 50ma break tomorrow!
HEAR - As predicted earlier, HEAR has given us an historically
reliable bounce off the RSI 30-40 range and seems to hit
significant resistance at the 100 day moving average.
Closing in the 17.70's today, it's next hurdle is the 50ma around
18.25. A push over that tomorrow could compel us to swing the
stock towards the 100ma again around 22. If not in the trade,
best to wait for that 50ma break or try a bounce off the 20ma at
16.74 if price dips. If you've been in since Monday, make sure
to set some stop losses if our break doesn't happen so you can lock
in gains. A break past the 50ma and definitely manage your risk,
especially as our RSI hits close to 60. The MacD's bullish turn
we need to look for a crossover which could mean a swing
into Friday.
reliable bounce off the RSI 30-40 range and seems to hit
significant resistance at the 100 day moving average.
Closing in the 17.70's today, it's next hurdle is the 50ma around
18.25. A push over that tomorrow could compel us to swing the
stock towards the 100ma again around 22. If not in the trade,
best to wait for that 50ma break or try a bounce off the 20ma at
16.74 if price dips. If you've been in since Monday, make sure
to set some stop losses if our break doesn't happen so you can lock
in gains. A break past the 50ma and definitely manage your risk,
especially as our RSI hits close to 60. The MacD's bullish turn
we need to look for a crossover which could mean a swing
into Friday.
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