HMY still looking good…
There is arguably a mini H&S forming right now and the 20 day BBs (red lines) are tightening in substantially.
However, look at the beautiful Ichimoku cloud. It’s possible it could waffle around and head lower, but if you are looking to take a position, any touch of the cloud would be a low risk entry IMO. First it needs to break below the 200 day BB (the upper blue line)–who knows, it may have more room to run in the near term.
Thank you, Sir Nautilus!
IMHO, in all the hustle and bustle of daily life, it is easy to forget about value names like HMY.
I just saw it was down from 52-wk high of 7.61 to 6.64 intra-day low today and saw my portfolio had no harmony (pun intended)
So, with the proceeds from the rewarding profit taking on ASM and ANXGF yesterday, I bought 400 HMY @ 6.66, at market price.
Just adopted the KISS principle.
Thanks to all my hardworking fellow tenters, with their diligent tech analyses.
GL