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SWRLS
Feb 25, 2024 5:52 PM

HNST Cup and Handle Breakout Long

The Honest Company, Inc.NASDAQ

Description

HNST is looking really good on the daily chart. It's already tripled off the lows, but is in the end stages of a textbook cup and handle and currently grinding up at resistance. A volume breakout, or a red to green open should send this straight through that $3.50 resistance. RSI held 50 and is now creeping it's way back up slow and steady. Could be due for another explosive move.

Comment

Breaking out nicely. Let's hope for some followthrough this week.

Comment

HNST retesting 20 EMA. Not looking great, but giving it some time
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