Ivory_Wolf

Bullish potential detected for HLI

Long
Ivory_Wolf Updated   
ASX:HLI   HELIA GROUP LIMITED
Following a few stocks in the ASX 300 of particular interest, HLI represents a potential bullish opportunity should momentum continue and newer highs be made past the current position. I'll cover this more in the upcoming weekly video, however as can be seen in the chart, the stock price has respected prior support of $3.47 and thus far intraday is also achieving good support from the $3.62 level, aligning with technical indicators of RSI and DMI. Much talk has been devoted to increased stress amongst mortgage borrowers in Australia in the media today, which adds further impetus to this potential trade.
Trade active:
Further update provided in the latest weekly video update
Trade active:
Further update provided in the latest weekly video update
Trade active:
As noted in weekly video update for week ending 27-Oct, share price now below 10 and 30 day MA's as well as former support level of $3.64 from 21-Aug - caution warranted, considering support level of $3.47 still respected.
Comment:
Further update provided in the latest weekly video update - as discussed in the latest video update for week ended 03-Nov, be mindful of resistance at $3.89 from open of 12-Sep.
Comment:
Apologies for the delayed publishing of these details - it's been a hectic week - don't forget that the weekly videos (details in the footnote) also contain a lot of these details/updates for the ASX trades in case of delays.

In saying that, as discussed in the latest weekly update for the week ending 10th November, continue to be mindful of resistance at $3.89 from open of 12-Sep whilst this stock tracks above the 10 and 30 day moving averages.
Comment:
Apologies for the delayed publishing of these details - another hectic week - don't forget that the weekly videos (details in the footnote) also contain a lot of these details/updates for the ASX trades in case of delays.

In saying that, as discussed in the latest weekly update for the week ending 17th November, continue to be mindful of resistance at $3.89 from open of 12-Sep whilst this stock tracks above the 10 and 30 day moving averages. Share price appears to be tracking along the 10 days moving average at present - if still in position, consider raising stop loss to beneath recent swing low of $3.73 from 8th November.
Comment:
Further update provided in the latest weekly video update for the week ended 24-Nov.
Comment:
Further update provided in the latest weekly video update for the week ended 01-Dec.
Comment:
Further update provided in the latest weekly video update for the week ended 08-Dec.
Comment:
As noted in the latest weekly video update for the week ended 15-Dec, be wary of the potential key reversal top formed on 15-Dec on substantial volume, which could signify the end of the uptrend for HLI.
Comment:
Further update provided in the latest weekly video update for the week ended 22-Dec.
Comment:
Further update provided in the latest weekly video update for the week ended 29-Dec.
Comment:
Further update provided in the latest weekly video update for the week ended 05-Jan.
Comment:
Further update provided in the latest weekly video update for the week ended 12-Jan, with specific note that the top of the potential key reversal top noted previously is currently being tested on the daily chart whilst the share price tracks along the 10 day MA (charts may be suggesting tightening up of the stop loss).
Comment:
Further update provided in the latest weekly video update for the week ended 19-Jan, with specific note regarding potential resistance at $4.63 from 10-Feb-2015 (suggested at ASX Traders United on 19-Jan).
Comment:
Further update provided in the latest weekly video update for the week ended 26-Jan, with specific note that previous resistance at $4.63 could now be considered support for the continuing trade.
Comment:
Further update provided in the latest weekly video update for the week ended 02-Feb, with specific note that share price might be testing prior resistance from the past (also in 2015 as noted with current support) - may be worth looking back at history of charts to check.
Comment:
Further update provided in the latest weekly video update for the week ended 09-Feb, with specific note that previous resistance at $4.63 could now be acting as a support area for the continuing trade.
Comment:
Further update provided in the latest weekly video update for the week ended 16-Feb.

View latest weekly video updates:
- www.youtube.com/watch?v=DSRm9KqVd4I (Stocks and bonds - latest scans timestamped in comments)
- www.youtube.com/watch?v=SD0-eMmuta0 (Crypto review)

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