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HII

HII - High PotentialFrom early October 2011 to February 2018, Huntington Ingalls Industries was in a growth phase. This was followed by a prolonged correction lasting from February 2018 to February 2025. During this corrective phase, the price dropped by more than 50% and overlapped the sub-wave 1 , confirming the completion of the move. Since February 2025, Huntington Ingalls Industries has been showing an impulsive upward movement. Based on these factors, it can be assumed that the large waves 1 and 2 have already been completed, and the HII chart is now developing wave 3 . Summary: Significant upside potential remains in the long term. In the next idea, we will take a closer look at the current impulsive move. --- Please subscribe and leave a comment. You’ll get new information faster than anyone else. ---
NYSE:HIILong
by NotBoringTrading
HII Huffington - Bullish divergence on weekly and dailyHII Bullish divergence on weekly and daily Weekly On the weekly there is a ATR channel divergence, MACD-H and Elder Force Index divergence. Stochastic RSI is coming from an maximum oversold condition and is curling up. The previous last 4 candles each show down wicks, every week it closed much higher then the lows that week, a sign that lower prices were rejected and not much sellers were to be found in that area. Daily On the daily there is a bullish divergence and a first low. It was not a higher low, but still, after that candle the direction is upwards. The EMA’s are crossing and Elder Force index shows strength in the up move. Stochastic RSI is maximum overbought, but by the looks of it the trend has reversed and is strongly up, so it could stay overbought for some time. There is no divergence on Elder Force index, which is a bit worry some. The down ticks were with much force. I expect the target on the weekly will be between the +0.5 ATR level and the +1.5 ATR level on the weekly. The stop loss level is 2 ATR levels away on the daily, and is equal to the bottom of the lows. Entry: 2/3 @ 149,98 1/3 I will buy on a pullback on the daily. Stop loss: 137,33 Projected targets: Target 1: 174,75 Target 2: 184,88 R/R ratio: 1:2 R/R ratio: 1:2,5 Note: As the trade develops, ATR levels change as well. It could be that I move up my targets, as in my trading style, the targets are dynamic. I will exit in thirds as well. And move a stop loss when a higher low has been formed. I will try to update the trades here as well, regarding changed targets and stop losses.
NYSE:HIILong
by Tornado_Trading