Long

Bullish potential detected for HLI

Updated

Following a few stocks in the ASX 300 of particular interest, HLI represents a potential bullish opportunity should momentum continue and newer highs be made past the current position. I'll cover this more in the upcoming weekly video, however as can be seen in the chart, the stock price has respected prior support of $3.47 and thus far intraday is also achieving good support from the $3.62 level, aligning with technical indicators of RSI and DMI. Much talk has been devoted to increased stress amongst mortgage borrowers in Australia in the media today, which adds further impetus to this potential trade.

Trade active

Further update provided in the latest weekly video update

Trade active

Further update provided in the latest weekly video update

Trade active

As noted in weekly video update for week ending 27-Oct, share price now below 10 and 30 day MA's as well as former support level of $3.64 from 21-Aug - caution warranted, considering support level of $3.47 still respected.

Note

Further update provided in the latest weekly video update - as discussed in the latest video update for week ended 03-Nov, be mindful of resistance at $3.89 from open of 12-Sep.

Note

Apologies for the delayed publishing of these details - it's been a hectic week - don't forget that the weekly videos (details in the footnote) also contain a lot of these details/updates for the ASX trades in case of delays.

In saying that, as discussed in the latest weekly update for the week ending 10th November, continue to be mindful of resistance at $3.89 from open of 12-Sep whilst this stock tracks above the 10 and 30 day moving averages.

Note

Apologies for the delayed publishing of these details - another hectic week - don't forget that the weekly videos (details in the footnote) also contain a lot of these details/updates for the ASX trades in case of delays.

In saying that, as discussed in the latest weekly update for the week ending 17th November, continue to be mindful of resistance at $3.89 from open of 12-Sep whilst this stock tracks above the 10 and 30 day moving averages. Share price appears to be tracking along the 10 days moving average at present - if still in position, consider raising stop loss to beneath recent swing low of $3.73 from 8th November.

Note

Further update provided in the latest weekly video update for the week ended 24-Nov.

Note

Further update provided in the latest weekly video update for the week ended 01-Dec.

Note

Further update provided in the latest weekly video update for the week ended 08-Dec.

Note

As noted in the latest weekly video update for the week ended 15-Dec, be wary of the potential key reversal top formed on 15-Dec on substantial volume, which could signify the end of the uptrend for HLI.

Note

Further update provided in the latest weekly video update for the week ended 22-Dec.

Note

Further update provided in the latest weekly video update for the week ended 29-Dec.

Note

Further update provided in the latest weekly video update for the week ended 05-Jan.

Note

Further update provided in the latest weekly video update for the week ended 12-Jan, with specific note that the top of the potential key reversal top noted previously is currently being tested on the daily chart whilst the share price tracks along the 10 day MA (charts may be suggesting tightening up of the stop loss).

Note

Further update provided in the latest weekly video update for the week ended 19-Jan, with specific note regarding potential resistance at $4.63 from 10-Feb-2015 (suggested at ASX Traders United on 19-Jan).

Note

Further update provided in the latest weekly video update for the week ended 26-Jan, with specific note that previous resistance at $4.63 could now be considered support for the continuing trade.

Note

Further update provided in the latest weekly video update for the week ended 02-Feb, with specific note that share price might be testing prior resistance from the past (also in 2015 as noted with current support) - may be worth looking back at history of charts to check.

Note

Further update provided in the latest weekly video update for the week ended 09-Feb, with specific note that previous resistance at $4.63 could now be acting as a support area for the continuing trade.

Note

Further update provided in the latest weekly video update for the week ended 16-Feb.

Note

As noted in the latest weekly video update for the week ended 23-Feb, share price has now closed firmly below support level as well as 10 and 30 day MA's at end of week (suggested close-out of trade; remove from watchlist).

Ivory_Wolf

Detailed commentary about this trade available here:
- youtube.com/watch?v=y5eqsVO_LPs (Stocks and bonds - latest scans timestamped in comments)
- youtube.com/watch?v=xP7cxQrgF4g (Crypto review)

Like/subscribe for the latest!

Also on:

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.