HNST - +30% upside continuation play with 1:2 RRNice continuation play on momentum breakout for +30%.
Wedge pattern on the verge of breaking out and we have nice strength on key indicators.
HNST trade ideas
HNST Cup and Handle BreakoutHNST is looking really good on the daily chart. It's already tripled off the lows, but is in the end stages of a textbook cup and handle and currently grinding up at resistance. A volume breakout, or a red to green open should send this straight through that $3.50 resistance. RSI held 50 and is now creeping it's way back up slow and steady. Could be due for another explosive move.
HNST.Nas The Honest Company Up +70% Study.The Honest Company has been severely beaten down of late.
This Chart Study shows the recent price action and Trend Study.
The Cloud Indicator has not yet printed any overbought signals, however I would exercise caution at buying at these levels.
As always get an Expert's Advice before making any Investment or Trade Decisions.
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Regards Graham.
Honest Co USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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12 Monthly Lower HighsHNST has never seen a monthly higher high.
Breaks of these extreme trends on the monthly timeframe can be volatile intraday - the first touch of the previous month's high is day trading short opportunity, but when they break they can be very fast and cause short squeezes.
I like the business and continue to build a small long term position. But there are no signs of the selling slowing down yet and literally no support at all besides psychological round numbers. I'm keeping my eye on it.
The RSI here is using weekly data because the monthly has none yet using 14 periods.
The Honest Company I use The Honest Company products for my toddler daughter, so I was excited to see that they are a publicly traded company. Jessica Alba has built a great set of products that can compete for years to come. No immediate action needed, but I’m accumulating at these prices.
Seems like HNST is going back to 6$Ill keep buying as long as its bellow 5$.
Avrage of 4.43$
Looking too sell at 16-18$ range, dirt cheap atm, imo.
Worst stock ever?Damn this stock went like straight down. Don't know much about the fundamentals yet but next targets seem to be 4.6 or 1.91
$HNST BULLISH // Short Term and Long TermOverreaction from earnings recovering to upside. 3 new higher lows formed.
Ethical Diapers with Cute Patterns! Clean Beauty! Great news Great news! The long-term value and ethics of Honest is immense, and it’s currently oversold, a perfect opportunity to catch some Honest gains! This is a long term hold, PT: $42 or more. Could have Etsy- like expansive growth. The decrease in share price after an IPO is common. Don’t be discouraged, and HODL!
Have fun! Be safe!
“Not investment advice” (legally required to say until I pass all my Series exams)
doji candle The first Doji candle
Any candle whose open and close points coincide is called a Doji .
The most famous and important Doji pattern is the tall Doji.
This pattern is a sign of indecision in the market. Buyers and sellers are skeptical and can not move the market in a certain direction. Contradictory news entered into it.
But eventually it returned to its original point, and all the contradictory news completely nullified each other.
Therefore, the reliable information of the shareholders has not changed significantly during the day.
Each of the candle patterns tries to predict the next market movements as much as possible.
The tall Doji model predicts that the market will probably be in place for the next few candlesticks.
Markets that do not have a specific direction of movement are called volatile markets.
Despite having the same name, they have different types of Dodge patterns, but their message is completely different.
If the Doji tombstone pattern appears on the ceilings, it means a downward signal indicating a resistance level.
While the Dodge Dragonfly pattern appears on the floor, it will be a hammer-like upward signal, indicating an increase in the power of buyers compared to sellers.
The Dodge cross pattern is usually not meant alone and is classified next to the previous candelabras in the group of multi-candle patterns, which we will discuss below.
In the image below, you can see a collection of Dodge patterns formed on the global gold price chart.
These patterns were created due to the uncertainty of the market following the release of a positive news in the market when traders had doubts about the accuracy of the news and expressed this doubt in the form of various types of Doji pattern.
