jirakst
Long

A perfect swing?

NASDAQ:HNNA   HENNESSY ADVISORS INC
15 0 0
We can see recurring swing within steadily grow channel. The current price is slightly below channel bottom, reaching 1W EMA50. DMI is prepeared to confirm price growing, Stoch RSI shows clearly OB and MACD divergence points upwards while the price downwards showing weekness in bearish pull. Accumulation is very strong despite price decline signifying positive anticipation of market.
As well as other indicators, Risk/Reward ratio is also nice.
One thing which keeps it from perfection is ratio of insiders trades - 8 sell and none buy within 3 months, like officiers would expected a downtrend force beyond market technical mechanismus.
What's your opinion?
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