HRL - Long
Strong earnings release 2w ago
Weekly NR3
Strong daily close on a down day, closing above 5ema
HRL trade ideas
HRL finally clears $50 zoneHRL has struggled to comfortably clear the $50 half figure zone. It is not a great trending stock - it has been a little erratic in the past, despite its overall uptrend since the low of 2000.
The November 2014 to February 2015 consolidation tested $50 time and again - even though this zone had already been retested through August - October 2014.
More recently we have just seen a conformed bull flag and early signs of a more linear trend. It's still a bit choppy for me, so I'm going to keep my eye on it and see what develops.
Real life trader in bull put Nice candles and a strong break above resistance. Should continue higher and the EMA'S should provide some cushion.
HRL. DailyReverse broadening Triangle.
Shooting Star reversal.
Wolfe Waves 5 potential topping pattern.
Breaking 4/8 uptrend_line.
RSI, MACD bearish divergence. OBV divergence.
Gap Fill.
Target_1 : 49.80
Target_2 : 48
HRL.Wolfe Waves 5 potential.
brake 4-5' uptrend_line.
OBV bearish divergence, breaking support.
MACD cross_over.
Sitting on 50 sma, potentially last support and bounce.
Maybe going for that Gap.
Target_1 : 49.80
Target_2 : 48.50
