HAS gapped up on strong earnings news. The gap is a breakaway and is now in a compression mode. Balance of Power shows some pro trader activity in the stock at this time. The next resistance level is the highs of September. This is a swing or day trading setup.
Hello Successful Traders,
The stock (Has) presents the ideology that the current PA (Price Action) is gaining traction for an in-dept bullish direction. However, as the all - time - high has been appointed, there may be an imminent trend reversal. Acknowledge the volatility of the market and await confirmation prior to market entry.
Resistance Level 1 - (109.00...
Looking quite good here - MACD crossover, hit the double bottom.
Having a tight S/L makes this an opportunity for a 28% gain till resistance - and 55% till the next resistance if the first one can be broken.
Risk / Reward ca. 1:2.5 - 1:5
This is not financial advise - it's just a trading idea.
The variability is very high! Despite the price is below the 30MM, the 30MM's slope is positive. Theoretically the share is in phase 4, but the price may rise (high volume, 30MM+) or not (under 30MM, RSI down)
The HASBRO HAS stock showing
4 indicators to the downside. Volume is low, that indicates not enough enthusiasm from the buyers. Notice the Parabolic blowoff & Volume spread. This represents a trend reversal.
Sell to target price of 79