New Buy-in Area
Updated
HMNY just took a large dip. the buy area is highlighted in green. This is a correction as the trend is still up. There should be a foreseeable amount of upward momentum as positive reports about their subscriber growth increases. My position is 9.01 currently, and the stop is at 8.44.
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Price stays stable at the support line of my 38.20 fibonacci level. This moves towards an upward trending support line, if we hit it and move upwards we can stay in, but if it rolls over past the upward trend line support then it's time to cash out and wait on the sidelines during the fall.
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Guys, we are doing it!
Just bounced off the 38.20 fib level, $10.60 price point incoming!
Note
HMNY pulled back over the last couple days but I found a new support point. I have found 3 times in the past 6months of trading where price level respects the 50MA. I will use this as the most solid support line moving forwards. Target is still $10.60. Best of luck guys.
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