ASX:HUM back on my radars with potential good mood humm🎁🙌🎁
ASX:HUM has been in a bear market for last few months after hitting the 1.36$ apogee, it plummeted to the abyss losing almost 30% of the recent high value. But there are signs hidden into the charts that shows it may be ready for another explosive move to the upside. Lets dive right to the technical analysis.
This stock has managed to extricate itself from the range 0.950 to 1.025$ which in my opinion was rather bearish than bullish and since then it has shown sign of strength, where it is attempting to break the 1.1$ levels. Escaping that range was followed by high volume as you can see on the chart.
The stock is above both 50MA and 200MA and its PSAR is on the bullish side. Also looking at the chart pattern from early April 2021, it looks like a cup without a handle, and I am looking for price to break above the 1.1$ to scale my position.
On the target side, first target is 1.16$ which corresponds to the golden fib level of the retracement from recent highs to recent lows. After that I will have my eyes to the 1.2$
I will keep you posted of any change on this stock and if any weakness is found I will let you know.
In meantime, as a service request from you, please share these TA charts with your friends and tell them to follow me. I am working on many more charts to share with you not only in stocks but also in crypto. Stay in touch.
XTF.
This stock has managed to extricate itself from the range 0.950 to 1.025$ which in my opinion was rather bearish than bullish and since then it has shown sign of strength, where it is attempting to break the 1.1$ levels. Escaping that range was followed by high volume as you can see on the chart.
The stock is above both 50MA and 200MA and its PSAR is on the bullish side. Also looking at the chart pattern from early April 2021, it looks like a cup without a handle, and I am looking for price to break above the 1.1$ to scale my position.
On the target side, first target is 1.16$ which corresponds to the golden fib level of the retracement from recent highs to recent lows. After that I will have my eyes to the 1.2$
I will keep you posted of any change on this stock and if any weakness is found I will let you know.
In meantime, as a service request from you, please share these TA charts with your friends and tell them to follow me. I am working on many more charts to share with you not only in stocks but also in crypto. Stay in touch.
XTF.
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