The price seems to be resuming a sharp rally after taking a brief pause. A bullish Pennant pattern occurs during a dynamic market rally, representing a brief period of indecision before running off again in the same direction. The pattern consists of two converging trend lines with diminishing volume, and is confirmed when the price breaks through the upper...
ive been watching this market for some time now for a possible long position and we are seeing a break out now....come join in if you see it
Piggybacking off @drchelsea1's solid analysis. I'm seeing a bull flag forming :)
0. Notes to follow;
HBI is breaking down from a bear flag and is trading below key short-term moving averages. Looks like a test of the 50-day is on deck. No position but will look to buy puts if markets continue to weaken
HBI broke out of the 5 year trend line and retested it and is forming a clear bull flag just under 15.00 resistance.
50 day providing support after step drop on earnings. 5 year down trend attempting to reverse and break through 200 day creating future 50 day crossover of 200 day. I welcome all comments on technicals that may be misrepresented, but middle of the road RSI showing support for a steady run in to Feb with potential for better than expected earnings. Target $19...
PRICE ACTION COULD BREAK DOWN A LITTLE FURTHER, THEN LOOK FOR ENTRY.
Recently, HanesBrands dropped due to some lower than expected earnings. However, it looks like there are signs of a bounce back. The RSI indicated that it was oversold And the MACD is about to cross over It's looking like a very nice reversal setup Target Price:15.50 by December 5th
HBI is oversold. I just got in at 9:45am with $13 long calls. I expect the maker of Champion sweat wear, Hanes underwear, thermals, socks, yada, to get back to the $17 range before the end of the year. Hanesbrands (HBI) reported 3rd Quarter September 2020 earnings of $0.42 per share on revenue of $1.8 billion. The consensus earnings estimate was $0.36 per share...
Stock on the watch for me! Time to load up!
after a false breakdown...
HBI cmp-15.78 High probability to move towards 16.4,17,5 and 19++ stoploss will be 14.5 on closing basis