$HAE forming a falling wedge approaching key support with RSI divergence on major timeframes, looks due for a bounce here. I like entry here with tight stop, 1 or 2 month time at least.
Haemonetics Reported First Quarter Fiscal 2021 Financial Results
themarketsignal.com
RSI of Haemonetics Corporation (NYSE:HAE) is 19.96 and the stock looks bullish. The company reported financial results for first quarter of fiscal 2021. In Q1-21 the company reported $196 million revenue, decreasing 18% from a year before. There has been a 16% organic revenue...
broke below daily support at 83.27, target 3/20 low (took position thinking i'd target the 3/18 low, but when looking at when i got home see that has such a long wick i think it's a stretch). SL just above the ~87.05 level that provided support over the lsat month
$HAE - HAEMONETICS CORP. Engaged in blood donation activities. On the daily charts, the paper has reached a good level of support at $83. Starting from 19.06 the volume is significantly above the average, the RSI indicator came out of the oversold zone and shows a buy signal on the daily timeframe. The indicator ADX also came out of the trend-free zone. When...
Looking at my old idea which is still in play, you can see legs B,C, & D form a kind of falling wedge. And we are about to break out one way or the other! I bought my call yesterday when the price was down around $83.40 good luck traders!
Been checking out the charts on HAE and looks like we could be in a potential reversal area. From our low in March to our top in April we've reversed to the golden pocket between 61.8% and 78.2%. Now for the Bullish Bat just using the candle bodies to me seems the best because leg B hit the 50% Fib line pretty perfect and thats what you want. As you can see theres...
1. it's at a support area .
2. Once it breaks down, the length of the downtrend would be twice of the length of previous uptrend(it's 12.75 points as shown in the chart),
so the length might be around 25 points, between 77 and 78.
Hi traders,
We have an opportunity with stock HAE to go long, this stock is in a strong uptrend, and after a retracement could go up again….
Entry at break of previous candle at 110,60
Stop at 105,95
Take profit 119,90
This trade offers risk reward 1:2
Good trading!
Xavi.
