HT8 0.00% 1.0¢ harris technology group limited

I just did a course but I'm still new and learning so here's my...

  1. 222 Posts.
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    I just did a course but I'm still new and learning so here's my 2 cents... Happy to hear your thoughts.

    We are just sitting above the long-term up trendline (blue). With the last 4 days seeing some new short-term highs, the hope will be to break through 0.130 (breaking the medium-term down trendline), possibly within the next 5 days. RSI and MACD both in an uptrend with no sign yet of plateauing. There is also a slight increase in volume so everything is indicating a continued uptrend. If it continues we should rerate somewhere around .15 to .16. If not at the very least the time till the downtrend line and the long-term uptrend line will meet is fast approaching. So will force the market to make a decision soon enough for better or worse.

    I hope we do rerate before the Qtrly, that way further good news may see us break back into the .20's (fingers crossed). There's also a nice little gap to be filled at .175 and .185 which occurred during the very slight decrease in Christmas revenue from the qtr prior to that, I expect this will get filled in at some point, they always do.

    https://hotcopper.com.au/data/attachments/3237/3237471-3d6d329bc9588843134ce70b690a371b.jpg
    Last edited by Roarlenny: 03/06/21
 
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