HMC - BUY IF CROSSES 31.50
If earnings allow it and price crosses 31.50, buy.
Technical:
- Has formed a triangle: breakout expected
- Reached ceiling of 2 year downtrend channel
- Already broke first 3 fib levels
- If crosses 31.50 will break into 0.382 level
- Hovering on buy zone
- RSI = GOOD
- Last 3 recent highs above one another
Fundamental:
- Building momentum on earnings
- Current share price way below future cash flow value
- Sales reports on December outstanding
- Higher producing, strong domestic market
- Japanese company not affected by rallies, protests, etc
Technical:
- Has formed a triangle: breakout expected
- Reached ceiling of 2 year downtrend channel
- Already broke first 3 fib levels
- If crosses 31.50 will break into 0.382 level
- Hovering on buy zone
- RSI = GOOD
- Last 3 recent highs above one another
Fundamental:
- Building momentum on earnings
- Current share price way below future cash flow value
- Sales reports on December outstanding
- Higher producing, strong domestic market
- Japanese company not affected by rallies, protests, etc
Note
Not able to surpass fib level, stop loss triggered. Lack of buyers to push price.
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.
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.