HMC Oversold and Below MAs 5-10% OpptyHonda Motor Company is currently oversold and below the short and longer term moving averages. We appear to be forming a 'w' bottom, and earnings call is about 2 weeks away. Targets based on prior price structure allow for 5-!0% targets.Longby coinablesPublished 2
HMC / Bearish Retest / Short-Strategy / Short-TermThis is a chart I made mapping out some Support/Resistance lines for HMC which is on a downward trend long-term. The Old Support / New Resistance candles, as well as Old Resistance / New Support candles, are all marked and match with a connection line displaying the correlation. There are 23"soon-to-be" bearish old support candles which I think will have bullish new resistance candles in the next 2-3 days. Planning for a Bearish Retest Bounce (based on the 3 previous day black candles) so I can later short the stock. Thinking of entering STO at $27.80-ish area for the bounce and then exiting BTC at $27.50-ish, shorting the stock. I'm assuming this trade will take roughly 2-7 days based on previous data. I'm extremely new to trading, just started learning June 25th, so please let me know what you think of the plan and if you have any ideas about what I could do differently or change. I am also open to ideas on PUT orders.by rei_marshallPublished 5
HMC - BUY IF CROSSES 31.50If earnings allow it and price crosses 31.50, buy. Technical: - Has formed a triangle: breakout expected - Reached ceiling of 2 year downtrend channel - Already broke first 3 fib levels - If crosses 31.50 will break into 0.382 level - Hovering on buy zone - RSI = GOOD - Last 3 recent highs above one another Fundamental: - Building momentum on earnings - Current share price way below future cash flow value - Sales reports on December outstanding - Higher producing, strong domestic market - Japanese company not affected by rallies, protests, etc Longby FrancescoChiappeUpdated 2
HMC good value?This symbol was found during a scan based on fundamentals. Future will tell if it is a good choice.Longby NickFiPublished 3
HMC: Go long at the open todayWe can reenter HMC longs here after Wall Street opens. Risk is a drop under 28.62, so use a stop at 28.61. We can expect a bullish MA crossover materializing here, and a continuation of the uptrend, probably taking us to 30, or up to 33. Good luck! Ivan Labrie.Longby IvanLabrieUpdated 13
Midterm View: HONDA with Bearish FLAG???Since 2010, a really loadable bottom @ 28$ established itself. Several times HONDA tested this "buying-Niveau" and was bought. This Year, Honda dived through this Level and made a new low at 24.5$ After this break, Honda retested this former support Zone 2 times but could not overcome this level. As Long Honda is trading below 28$-28,75$ this Level still remains as a Pivot resistance Level. With my technical view i see a clear bearish flag. The TP of this pattern could be 21,5-22,5$. Prices above the old Support Zone (~28,5) will generate a Long Setup with taget @ the midterm downtrend`s uper edge @ 30,5-31$ In my Chart i have illustrated the mentioned short Position by virtue of the bearish flag.Shortby The_CannalystUpdated 2230
HMC: Potentially a very nice long entry nowLong at market, stops at the previous daily close. It should see some significant upside here. Props to Tim West for spotting the potetial long term bottom pattern a few days ago. Now it has fired a buy signal. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.Longby IvanLabrieUpdated 7719