My thought on HIFI
Updated
First of all, I do not know much about the company or the industry.
This is strictly based on my experience of (or inexperience, haha,) technical analysis of its trend.
I have had my eyes on the industry and have begun reading and learning more about it. However, HIFI looks like a newly listed company with brief stock trade history, which means this wild company is risky and hard to analyze.
However, based on what we have able (and wishes :)) My goal is to buy low. So buy target is down @ 0,3, to fill its gap. It can take weeks or even months, maybe not even at all. I will follow this stock for a while and learn more about its industry. Do not get mad at my bearish thought. I am just careful of my investment capital.
Fluff out
This is strictly based on my experience of (or inexperience, haha,) technical analysis of its trend.
I have had my eyes on the industry and have begun reading and learning more about it. However, HIFI looks like a newly listed company with brief stock trade history, which means this wild company is risky and hard to analyze.
However, based on what we have able (and wishes :)) My goal is to buy low. So buy target is down @ 0,3, to fill its gap. It can take weeks or even months, maybe not even at all. I will follow this stock for a while and learn more about its industry. Do not get mad at my bearish thought. I am just careful of my investment capital.
Fluff out
Comment
Update: We are meeting heavy resistance, and the UCSMSI is crossing while the MACD still in decline. A pullback south towards the latest support 0.65 and will presumably hold for a short period of time. The trend is continuing downwards.
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.