@Tenbagger2024 since I'm online at the moment and looking at what's happening on the US market, here's my chart - but I haven't looked at $HMS fundamentally.
As you wrote, HMS has been going sideways since the end of Spet21. I have also anchored my VWAP there. I wonder what kind of news or fundamental has to come for the price to break out of this channel?🤔
There is currently a good +9% potential to the upper edge of this channel, but -17% to the downside. At just over 2%, the ADR is rather too small for a swing trader. As a long-term investor, I would at least wait for the return to the VWAP (blue line), where there is also a HighVolumeNode. Patient investors should wait until the price reaches the lower band again (yellow line) - I have marked both marks with an arrow.
https://www.tradingview.com/x/ng6zQCau/
As you wrote, HMS has been going sideways since the end of Spet21. I have also anchored my VWAP there. I wonder what kind of news or fundamental has to come for the price to break out of this channel?🤔
There is currently a good +9% potential to the upper edge of this channel, but -17% to the downside. At just over 2%, the ADR is rather too small for a swing trader. As a long-term investor, I would at least wait for the return to the VWAP (blue line), where there is also a HighVolumeNode. Patient investors should wait until the price reaches the lower band again (yellow line) - I have marked both marks with an arrow.
https://www.tradingview.com/x/ng6zQCau/
•
77
•
1Semana
@TomTurboInvest
Mega, and thank you, fundamentally it doesn't look bad. I think the quarterly figures could determine the future direction.
Mega, and thank you, fundamentally it doesn't look bad. I think the quarterly figures could determine the future direction.
•
22
•1Semana
@TomTurboInvest
Is it better to wait until the price breaks out of the channel for a long-term investment?
Maybe it's not a bad idea to go in with a first tranche at the lower end
Is it better to wait until the price breaks out of the channel for a long-term investment?
Maybe it's not a bad idea to go in with a first tranche at the lower end
•
11
•@Tenbagger2024 Of course, everyone has a different approach, but I would wait for one of the lower HighVolumeNodes (yellow lines), the price does not seem to get above the upper one (white circle) at the moment.
https://www.tradingview.com/x/gbw5bnK9/
However, if you are expecting an ignition at earnings, then you can get in - one variant would be a stop buy order above the upper HighVolumeNode.
https://www.tradingview.com/x/gbw5bnK9/
However, if you are expecting an ignition at earnings, then you can get in - one variant would be a stop buy order above the upper HighVolumeNode.
•
33
•1Semana
@TomTurboInvest
Thank you, makes sense
Thank you, makes sense
•
11
•@TomTurboInvest
Maybe the breakout will come tomorrow. Do you think that would be a good opportunity to get in?
Maybe the breakout will come tomorrow. Do you think that would be a good opportunity to get in?
••
@Tenbagger2024 What if you knew? Before the numbers, it's always a bit Casino🤷♂️
••
@TomTurboInvest
No . Mine after the figures, if they are good. Then perhaps there should be a breakout
No . Mine after the figures, if they are good. Then perhaps there should be a breakout
•
11
•