TAjames

HMD closed above downtrend and staying tight

Long
ASX:HMD   HERAMED LIMITED
HMD chart is looking the best it has since losting in 2019. Volume is up, candles are tightening, definetly could see a big move next week if some news comes out. Its had 3 days of tight range low volume movement compared to the massive buying pressure to get it to break downtrend. Id enter at a break of 18c again, with a stop at 12c if long term holder. Stop at 15c for short term traders as its where the red condles couldnt penetrate. (Signs of new support). Definetly on watch for a break of 18c.
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