HLF 0.00% 0.7¢ halo food co. limited

KTD chart, page-13

  1. 15,728 Posts.
    lightbulb Created with Sketch. 1793

    @pipninja I also believe a bullish pennant formation is in shape and breakout can occur anytime soon. Pennant is a short-term continuation pattern that marks a small consolidation before the previous move resumes. These patterns are usually preceded by a sharp advance or decline with heavy volume, and mark a midpoint of the move. You could have the same feeling once see the drawing below:


    https://hotcopper.com.au/data/attachments/1293/1293256-0e8e4b718952419a421f5419fb468261.jpgAt the end of breakout, a 37 cents rise should be expected, which means SP = circa $1.05!

 
watchlist Created with Sketch. Add HLF (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.