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HEALIUS LIMITED

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HLS trade ideas

HLS @ 21 OCT 2021Text me if you have any questions/comments for me. ----- HLS - Previous analysis was done on 19 Sep (red arrow) -> recommended waiting for successful breakout of counter-trendline (purple dotted line) at around 4.90 levels before plotting entry if comfortable with strong overhead resistance zone - Since then, the stock flirted with the support (blue dash line) before today gapping up and tried to breakout - Stock briefly hit a high of 4.91 before quickly retracing below the resistance with above average volume - Stock doesn’t have a history of long tails above the candle -> Today’s False Breakout is unusual - If the stock can rise above today’s high (4.92 or above), it would present a better buying opportunity - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of counter-trendline before plotting entry if comfortable with strong overhead resistance zone
ASX:HLS
by Jerm88
HLS @ 19 OCT 2021 Text me if you have any questions/comments for me. ----- HLS - Previous analysis was done on 31 Aug (red arrow) -> recommended caution and suggested to wait for successful breakout of strong resistance zone at 5.15-5.35 levels - Since then, the stock has created multiple LHs and is now trading at the 4.57 support levels (blue dash line) - A counter-trendline resistance has also formed (purple dotted line) - Buying at a support can be a strategy that some traders used - As a Trend Follower, I prefer if the stock can prove itself by breaking out from the counter-trendline first - A successful breakout looks to be around 4.90 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of counter-trendline before plotting entry if comfortable with strong overhead resistance zone
ASX:HLS
by Jerm88
HLS @ 31 Aug 2021HLS - Previous analysis was done on 26 Aug -> suggested to wait for successful breakout of strong resistance - Since then, the stock has retraced all the way down to test the mid-term support - Today’s price action is first sign of a potential rebound -> but more positive indicators are required - Some traders may try to use the Support Strategy for entry, but it sometimes pays to be cautious - strong resistance zone (formed since 2013) at 5.15-5.35 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of strong resistance zone
ASX:HLS
by Jerm88