Based on Fundamentals HVN has both negatives and positives.
--> High returns despite covid-19 as Australia retail sales dropped 1%
--> Steady insider buying ($1.1 mil) in past 6 months
--> Heavy insider ownership at around 41%
This essentially shows that in the long term insiders are comfortable with the direction of HVN and believe in long term success.
--> Vaccine rollout is commencing in Australia meaning lockdowns should not occur
--> As covid-19 is still around the unlikely chance of a lockdown can be debilitating to the stock price.
--> Australian Retail sector is overall struggling
On a pov HVN shows some rather bias signals.
--> Completion of dark cloud cover pattern ( Reversal Signal)
--> Hitting resistance of pattern and as of 22/03/2021 was unable to break
Oversold in terms of:
Overall in short term perspective HVN is oversold and a short position can be effective however with good management and growth in profits can be a good long term stock.
A stop lose will be when price opens above the of as it may act as
Profit levels are at minor support levels however if price strength appears then profit levels may be increased to bottom of .
To overcome this ensure trade is closed prior or does not affect profit targets.