Hi eMark
HFA is certainly a frustrating stock to trade. I am currently not in, but am looking to get in around now.
Chart wise, the signals are there.
Stochastic has reached an oversold level, currently sitting around the 25% mark. This is roughly where it turned up from last time. RSI currently sitting at 50%. Just touching the 10 week ema from the top. Now in the lower section of the bollinger bands. About to hit a parabolic sell at 16 cents.
Many indicators are positive for a buy-in now. The only thing that makes me skeptical as to whether it will happen is that HFA has only risen lately on price sensitive announcements. Unless it has another one up its sleeve I can't see how else the price will rise on confidence alone. I'm sure you'll understand what I'm getting at. It needs something to help the price rise. Just not sure what it will be and when.
Good luck.
cheers
Ange
the week ahead, page-2
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Last
$1.72 |
Change
0.030(1.78%) |
Mkt cap ! $842.9M | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.72 | $1.67 | $363.3K | 212.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 48300 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 11401 | 1 |
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| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| NGI (ASX) Chart |