Engindzhan

Honda Motors - Probable trend reversal

Long
NYSE:HMC   Honda Motor Company, Ltd
In the chart you will find everything that i found important to the current price of the stock.

I think we will see a trend reversal if the price draws a good uptrend after the spike up.

On Tuesday(today) I expect the price to suffer from correction but this is healthy for the long term price movement.

I would wait out the correction and there will be a better entry for LONG position.

I am not financial expert nor advisor, please make your own decisions and do your own analysis!

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