On the hour chart the trend started on May 26 (linear regression channel).
There is a high probability of profit. A possible take profit level is 13.39
But do not forget about SL = 11.11
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested. Thank you!
Good luck!
Regards, WeBelieveInTrading
Herbalife Nutrition
Short Term - We look to Sell at 24.72 (stop at 26.71)
Price action has formed an expanding wedge formation. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Further downside is expected.
Our profit targets will be 19.00 and 17.00
Resistance: 25.00 / 37.50 /...
Herbalife Nutrition Ltd (HLF) is having a strong day so far, which is taking place just less than a dollar away from the 20.75 Support that was formed on the March 17 2020 Low, cause by the COVID pandemic.
The chart on the left is on the 1D time-frame while the chart on the right is on the 1W. As long as the 20.75 Support holds, we can expect at least the 1D MA50...
