HXL trade ideas
$HXL Hexcel Corp Oversold & Ready to BounceThere's plenty of opportunity in the stock market today with lot's of good stocks being beat down to dramatically oversold areas, one of these is $HXL a carbon fiber maker for defense programs and a stock which has beat on 4 of it's last earnings releases. Technically speaking the stock is considerably below it's lower Buy Sell Band and 17.61% below it's 50 day MA making for a good risk/reward trade setup. On today's big down day it couldn't find much more than average volume indicating sellers may be close to exhaustion, a long play here back up to the 50 day MA looks ripe.
Two KEY trading concept in one exampleMultiple Timeframe Analysis and Support Turned Resistance are two price action analysis techniques with which all traders should make themselves familiar.
Multiple Timeframe Analysis SIMPLIFIES going through many instruments looking for opportunity. This will make analysis easier on your brain! It can also greatly increase profit rewards with more ambitious long term targets.
Support Turned Resistance is something traders must train their brain to see but can also be aided by looking farther back on a chart.
Users on my social media inspired these questions with an example in the stock NYSE:HXL ... keep active even in these slow markets!
HXL - Hexcel Corp - Be Careful of Earnings Jan25th (aftermarket)HXL - Hexcel Corp
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Entry = break above 786fib @ 49.95
or breakdown to 382fib @ 36.98
1st Target = 56
2nd Target = 64
HODL Target = 76+
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
HXL - Carbon Fiber 🆙HEXCEL CORPORATION (HXL) Looks like a GREAT BUY to us.
Carbon fiber, aka graphite fiber, is a strong, stiff, lightweight material that has the potential to replace steel and is popularly used in specialized, high-performance products like aircrafts, racecars and sporting equipment.Carbon fiber is five-times stronger than steel and twice as stiff.
50 SMA crosses 200 SMA #HXLIn this chart I have outlined the point in which the 50 SMA is crossing the 200 SMA (to the upside) this usually indicates an uptrend. Using that to my advantage I have also found a gap fill in the chart that could be a short term trade. I would expect some sort of consolidation at around the gap fill area and should it therefore continue past the gap fill the next resistance is also shown.
I will be keeping an eye on this to use on my spreadbet account.
Hexcel Corp ready for next Bullish wave ===Entry price $85 - Target Price $94.50====
COMPANY PROFILE
Hexcel Corp. engages in the development, manufacture, and market of advanced composite materials for the commercial aerospace, space and defense, and industrial markets. It operates through the following segments: Composite Materials; Engineered Products; and Corporate and Other. The Composite Materials segment comprises of carbon fiber, specialty reinforcements, resins, prepregs and other fiber-reinforced matrix materials, and honeycomb core product lines and pultruded profiles. The Engineered Products segment consists of lightweight high strength composite structures, engineered core and honeycomb products with added functionality, and additive manufacturing. The company was founded by Roger C. Steele and Roscoe T. Hughes in 1946 and is headquartered in Stamford, CT.
<TradeVSA> Pullback after new high in HexcelStrength in the chart:
1. Huge shakeout
2. High volume Line Change
3. Narrow down bar with lower volume
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock