jangseohee

Michael Johnson vs Ackman

NYSE:HLF   HERBALIFE LTD
78 2 3
HLF             - the pawn between CEO             & Ackman, has been contained in this mid-term downtrend channel.
6 days into earning period and again, my humble projection of where the price might gap up or down depend on the earning.
lmsmith
2 years ago
This one is scary, had a nice Doji on Thursday only for market makers to take this under slowly on Friday
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jangseohee lmsmith
2 years ago
Actually it is not scary.. base on my downtrend channel. The DOJI closed around 40 which is not channel bottom support yet, which is why there is another bar down on friday. My channel bottom sits at 38.3 but price broke down and closed below at 37.50. It is already extremely oversold consider in 4 days price move vertically down.
Textbook says to sell a tick below the channel bottom, but my long call options triggered at 37. Another two queuing at 36 & 35 :-) (this is a insanely aggresive long which confirm to incur initial loses before big gain, not advisable for many)
Take note of the accelerated blue channel that branch out of downtrend red channel.
It is a fundamental stock but a pawn between bulls and bears. Investor suffered. So use TA to protect and profit from it if possible.
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