HMY has formed multiple bottoms thus giving this stock a firm base. It is trending up now and has neared a resistance line. A break thru the line will be considered bullish.
Great News, good analysis, I just might jump on board see if this one can make the $3 mark ;-)
Brotank77
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@Dudleydogg, which news are you referencing? can you attach a link
Dudleydogg
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@Brotank77, The news was yours, stock looks promising but still going lower, I got in on this one placed a bracket order taking profit at %50 if it gets there
Brotank77
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@Dudleydogg, i personally like to place my buy orders at EMAs whether it is the 9 day or 20. helps me pick an almost exact price.
Dudleydogg
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@Brotank77, I would like to learn more about this, Hear much talk about EMA's, and still learning the Fidelity Trader Pro Software. thanks for your comments
Brotank77
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@Dudleydogg, I like EAMs as they serve as good support and resistance levels. the cross of the EMAs can be a sign of bullish or bearish movement. Dip buy bullish stocks seems to work well, but if you dip buy a bearish stock you will loose money. So for me, the EMAs tell me if the stock is bullish or bearish. They also help me create scans on Finviz. Hit me up with any questions anytime.