The confidence of people in the grid, and therefore EV, has taken a serious hit. It is exactly this confidence that results in the purchase of EV's.
We're going to see a pulling away from EV's due to the historic cold and power outages which are currently gripping a large portion of the US. The only thing that will keep the push toward electric vehicles going at...
$HMC is projected with a neutral outlook after a positive under reaction following its earnings has placed it in Drift A with price currently trading above the upper boundary of the PEAD cone.
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Hi, today we are going to talk about HMC
We observe a D1, some important points. The details are highlighted above.
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Honda Motors #HMC long at monthly demand level now in control, very strong monthly demand level around 28.82 in a clear monthly uptrend is starting to play out. Clear long bias with monthly demand zones being created and respected
Honda Motor Company is currently oversold and below the short and longer term moving averages. We appear to be forming a 'w' bottom, and earnings call is about 2 weeks away. Targets based on prior price structure allow for 5-!0% targets.
This is a chart I made mapping out some Support/Resistance lines for HMC which is on a downward trend long-term. The Old Support / New Resistance candles, as well as Old Resistance / New Support candles, are all marked and match with a connection line displaying the correlation. There are 23"soon-to-be" bearish old support candles which I think will have bullish...
If earnings allow it and price crosses 31.50, buy.
Technical:
- Has formed a triangle: breakout expected
- Reached ceiling of 2 year downtrend channel
- Already broke first 3 fib levels
- If crosses 31.50 will break into 0.382 level
- Hovering on buy zone
- RSI = GOOD
- Last 3 recent highs above one another
Fundamental:
- Building momentum on earnings
-...
We can reenter HMC longs here after Wall Street opens. Risk is a drop under 28.62, so use a stop at 28.61.
We can expect a bullish MA crossover materializing here, and a continuation of the uptrend, probably taking us to 30, or up to 33.
Good luck!
Ivan Labrie.
Since 2010, a really loadable bottom @ 28$ established itself. Several times HONDA tested this "buying-Niveau" and was bought.
This Year, Honda dived through this Level and made a new low at 24.5$
After this break, Honda retested this former support Zone 2 times but could not overcome this level.
As Long Honda is trading below 28$-28,75$ this Level still...
Long at market, stops at the previous daily close.
It should see some significant upside here.
Props to Tim West for spotting the potetial long term bottom pattern a few days ago.
Now it has fired a buy signal.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which...
