HUM major reversalHUM is edging out of a decade long downtrend, went into a trading range in 2022 40-70c, and has now broken out of that range.
The levels are clean, trade is on the weekly so it's not a swing trade, more of a long term hold 2-5yrs.
HUM trade ideas
$HUM 1.11 VOLUME ALERTShowing some decent volume in all the right spots,
Director, A Abercrombie been busy buying up, now holds 99M shares
SOI 495M
ASX:HUM back on my radars with potential good mood humm🎁🙌🎁ASX:HUM has been in a bear market for last few months after hitting the 1.36$ 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.
HUM in consolidation box. Strong support at 95c, stronger resistance at $1.35, HUM is a bnpl stock with a great FA sheet behind it but for some reason big sellers keeping it down.
In my opinion if they released their yearly a week before last they would be a $2 stock right now. But they released it at a time fintech stocks were all being whacked down from recent peaks.
HUM is a good long term hold, but for a swing trade i feel like we will need to wait for it to get above $1.40 before any sizeable movement >20% happens.
For now, any entry should have a stop loss at 90c.
My Idea on ASX:HUM in one single chartI have been monitoring this stock but at the moment I can say that it is was only humming but looking at the chart and on the well known structure (Cup-and-handle), I can say that this stock is about to scream instead of humming. i will keep an eye on it. The only issue it is not hype like other BNPL but it is catching up slowly. we may see a big move in next few days.
According to my other indicators, it is a buy on low time frame swing trading but, if the Cup-and-Handle plays out, it may be another multibagger on my watchlist.
I will keep you posted if anything interesting pops up. If you like these TA, please smash the likes.
Peace and Love.
XTF
HUMM - Is it ready to breakout with the other BNPL players?Technicals - Chart suggests Humm looks ready to jump on the back of the momentum in the BNPL space (ZIP, APT etc).
Looking for a break through resistance with a bullish candle which lilkley results in the resistance becoming strong support. Looks a good risk reward trade.
[EW] ASX:HUM Fresh off Minor wave 2I believe HUM has finished a combo correction following it's post-rona rise.
It is in the middle of a minute 1 and minuette 2, perfect conditions for a bullish entry.
Projecting a fib ratio of (i) from (ii) gives (iii) a price target of 1.525.
This is an updated analysis from a more in-depth one over on hotcopper, here's the link:
hotcopper.com.au
