We think it's time to activate a big downside bet on the herbalife -0.44% title. The signals are many, both technical and fundamental. Technical analysis: - divergence between the price and the CCI (yellow dotted line): the price continues to rise but the trend of purchase begins to decrease. This is a symptom of the weakening of the trend. - 100 $ is an...
On the monthly, it's looking like it's not going to be able to break the all time high resistance.
They product is so bad... in europe the is hundreads of competitors had have a better product and not this pyramide creepy sale system !
Short interest is 30% of floating. This thing has climbed upon short squeezes (similarly to TSLA, of which shares the high short interest) but that cannot last too much. Ackman is so damn right about this thing, I am sad he could not actually monetize this greasy business. But maybe the markets know better. Trade skeptically
Monthly chart topped. 58.5 support test target September
#39 - HLF Jun 72/73 BCS : $9.17. Adding this to the existing BPS has made this a neutral approach.
If price is around 63ish by earnings I expect a drop on this due to past patterns. This company is supposed to restructure its business model around May I believe and also a new CEO is coming in. The current CEO Michael Johnson is a respectable man who has handled $HLF's problems very well. Him stepping down will open this company to volatility because the new CEO...
HLF broke through the $57.24 weekly iMTF and $58.13 daily iMTF. On its way to the next daily iMTF $63.24?
Weekly price objective met/time expiring next week with no new daily low in 5+ days. With a strong close an upside play here could be promising.
NYSE:HLF is going down with strong force, if it holds $48 level tomorrow, I will consider entering at the end of the day for a long position to ~$52 or ~$57