Those words that no one wants to hear, "Lowers Guidance", in early May it resulted in a massive selloff in what was already a challenging moment for the stock. There is a opportunity here to catch a bounce on the stock at the
$42 level for a nice return. Indicators are at a extremely oversold level with at 19 RSI.
Average price Target $64
Ever since Uncle Billy Ackman offloaded, this POS has been rolling over.
Don't own this stock or use it's products, just waiting for it's demise!
I haven't posted a chart for a while, had to post this one!
I'm using a 4-hour candlestick chart here. A bit more detailed than a daily chart.
This appears to be a classic Wm. O'Neill-style Cup & Handle under formation and it seems nearly complete to me.
If you think I've got this wrong, let me know! For that matter, let me know if you agree!
The equity trading system Equity Trend will open a long position in Herbalife (ticker: HLF) today at the market open - December 3
- Long - Herbalife - Ticker: HLF
Each day, the system scans around 10,000 stocks to find just 1 or 2 which are ready to move immediately.
The system combines elements of breakout trading, trend following and risk management...
"Beautiful Pictures from the Gallery of Phinance", Robert R Prechter Jr.
Copyright 2003 Robert R Prechter Jr.
Pages 18 & 19
The drawings I've added to this chart are directly pulled from page 19 of the book mentioned. The original charts referenced are the DJIA from 8/24/1921 to 09/03/1929, and the second chart in the comparison is the DJIA from 12/06/1974 to...
Play the gap
8/18/2017, red doji/spinning top
Gap finally gonna retest!
Tweezer top daily 7/26-7/25... to the tee! ;) $53.52
(7/10 @12:30 on 4 hr... caution gap on the up side... so adjust stop as needed)
Price action ready to break the cloud... and you know what that means!
MACD showing negative/downtrend
Stoch downtrend toward...
HLF is potentially about to make the 9/20 EMA bearish cross on the daily if price continues down another day or so. It hasn't done this in over a month, where some serious bearish movement followed, and the past month of green has been a bounce from that last downward movement, which I believe is confirming a trend reversal now.
It's on it's second red day below...