Harvard Bioscience: Bouncing Higher From Multiple-Year SupportI zoomed all the way out to the monthly chart to show the long-term support levels. We can see that HBIO is bouncing higher from a multi-year support level in the $2 range. The MACD (middle of the chart) didn't confirm an upward trend yet. However, the MACD did confirm the upward trend on the weekly chart. It looks like the blue monthly MACD line is close to crossing above the red signal line. The purple RSI line on the bottom of the chart is pointing upward, which is bullish. This indicates that we could see a long-term continuation of the rally which began in December/January. Click on the link below for a detailed article. HBIO has a low valuation with strong expected EPS growth. This is likely to drive the stock higher IMO.
HBIO trade ideas
Harvard Biosciences is struggling. HBIOWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
HBIO 1D$HBIO has a big retracement and is coming back up I believe we are coming into the 3rd wave which I did the extension to the 1 which is 8.58 using 0-1 extension with 2 as bottom. Could dip more to $5.10 where it can be another area to add more on long position.
I didn't plan out the 4 and 5 cause I want to just ride it with the 3rd wave.
HBIO 1D$HBIO has a big retracement and is coming back up I believe we are coming into the 3rd wave which I did the extension to the 1 which is 8.58 using 0-1 extension with 2 as bottom. It can also dip a bit more to the 5$ where could be another level to add more.
didn't plan out the 4 and 5 cause I want to just ride it with the 3rd wave.
HBIO: Bullish Flag (40%)Bullish Flag (40%)
Pros:
Volume during post
Descending volume during flag
PPS above 50MA and 200MA
RS above 0 and ascending
R/R ratio above 18, high
ATR ascending
250RSI above 50
200MA ascending
Target:
PT = 9.05$
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HBIO Bull Case Breaking through the double top barrier, HBIO is now gathering support around the previous resistance level. The stock has been in a steady accumulation stage with a strong uptrend and increasing volume. The strong uptrend should continue. The Benchmark Company has also changed their status from a Speculative Buy to a Buy, as of today. There is enough volume to identify a cup and handle pattern. You can also identify a rising triangle from point X to the support level forming line 1, and point B up to the current low price making up line 2. This is a continuation pattern, indicating the direction of the price movement should continue, which in the current stage is up. All these patterns indicate that HBIO is likely to have a bull run. The price target is $6, a 36% upside from the current price of 4.4
$HBIO can rise in the next daysContextual immersion trading strategy idea.
Harvard Bioscience, Inc. provides scientific instruments, systems, software, and services used in life science basic research, drug discovery, and clinical and environmental testing.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $3,16;
stop-loss — $3,11.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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