The food company, with sales of $ 2.8 billion and 7,800 employees, has already passed the correction phase at $ 25.46 and completing the wave E of 4. The complete previous upward movement has been corrected by more than 61.8% and that is a good trend reversal range. Hain Celestial specializes in the production of organic and natural products and is currently in a restructuring phase. There is market potential in an increasingly conscious population, and after completion of the restructuring, prices of US $ 90-130 should not come as a surprise over the next 5-8 years. For investors with a long-term horizon, therefore, an entry into this stock should be considered. However, the stop loss should be set at $ 20.06 to reduce the risk.
Greetings from Hanover Stefan Bode
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