Hoegh Autoliners - reached target areaAs MPCC also Hoegh autoliners reached the target area from where I anticipate the stock to climb again.
a potential stop could be placed around 65 NOK
HAUTO trade ideas
HAUTO - inching closer to a potential buyShort update on HAUTO
The stock continues to correct down and becomes more attractive by the day.
As price approaches the low of wave A it might bounce but the momentum is clearly bearish for now and one should remain patient and wait for prices below 80 NOK and even better so 65 NOK. Right now price is an the wave c of 2 and we want to trade the wave 3 which will be a great chance for all of us.
The RSI is clearly below 50 on the daily time frame but potentially a divergence is forming on MACD which indicates that a small rally may come before continuing further down.
HAUTO: TP NOK 141,- Generous dividends (+25%) [Pink: HOEGF]Some say Car-carrier (PCTC ) trade macro is challenging in, others claim this comes to pass late '26 or '27. All the while generous dividends are an insurance. Short term movements may meet resistance, must hold +100-ish, looking to medio jan 2025 for more upside.
Conensus TP : NOK 141
Hoegh Autoliners - bright future ahead after some correctionHoegh Autoliners will be a very nice buy in the future around 79-65 NOK.
The stock has almost 30% dividend yield and future stock price could be around 300 NOK.
However, the stock has rallied ever since its IPO and is already in a sideways corrective pattern that will likely turn out as an expanded flat structure.
HAUTO | Höegh Autoliners ASAHöegh Autoliners ASA engages in the provision of transportation and logistics services within the Roll-on Roll-off. It operates through the Shipping Services and Logistics Services segments. The company was founded by Leif Høegh in 1927 and is headquartered in Oslo, Norway.
Scanner Idea: Emerging from a multi-month consolidation on sufficient volume.
