Similar patterns after filling a significant gap. No explanation, just observation. Hanesbrands is a buy at $20 if price wants to meander down there and hold.
With a loss of around 8% on the year because of quarterly losses, hanes will only bounce back with its competitors in the industry who are at a stall price, such as RL, PIV, LRCX and ect..
AN INTRADAY (4 HOUR TIME FRAME) HIGH POTENTIAL, BACK TESTED SORT ANALYSIS.
1) STOCHASTIC OSCILLATOR OVERBOUGHT CROSSING FOR SORT MOVEMENT.
2) TWO TOPS DIVERGED TO CCI OSCILLATOR FOR BEARISH MOVEMENT
3) EMA 17 BEARISH CROSSING
NOTE: ENTRY RANGE AREA BELOW THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
NOTE: KINDLY...
took a small position in hbi as like to get in early if i can, Share prices have almost halved since the 4 for 1 split and i think some dividend investors could find interest at this level expecting 50% gains if goes well. will be looking to add after break of the downtrend. will update
a very nice descending wedge . RSI looking bullish as we get closer to making a decision on direction. Very likely we see more strength in HBI even if market has a bit of a pullback after this large financial run. Something to keep an eye on. What do you think?
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NYSE:HBI
