$HMY First breakout in the mining industry.
Lately markets look kind of shaky and stocks that most people trade are very dangerous. We will have a shift and some of the funds will move into mining as overpriced flying pigs will start falling from the sky. I monitor this segment of the market very closely to be ahead of the crowd as thing will change. Lot's of miners been trading sideways or sliding lower, forming long flags. I knew that one day it will breakout and it is important to see who breakout first. And here we have the winner, usually first several stocks in the industry to breakout would do better than the rest. I don't see enough volume on this breakout and that creates the higher odds for pullback, will see.
I found this stock today, market is closed, so I did not opened the position yet but going to do it as I see things developing the right way. I would say this set up provides very safe entry point for a long term position. Good luck!
I found this stock today, market is closed, so I did not opened the position yet but going to do it as I see things developing the right way. I would say this set up provides very safe entry point for a long term position. Good luck!
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.