TA:
- there is usually a daily short-term resistance to MA50 (blue line at $2.50);
- the problem will be at $2.74-2.78 at the annual low of 2021 and at 23.8% of GNH, where it has already resisted twice: 17 May and 31 May '22 ;
- on the one hand we have a strong support between $1.47-1.79, which should not be broken anytime soon (or even ever) - as we would have to...
My thoughts on HITI with current progress made by the company with acquisition and openings of new stores. Earnings are coming out on March 7th which I think will be well received. If we breakthrough resistance around $7.50 we could head higher towards $9.80. MACD cross should see price continue to increase over the near term. We could see some resistance around $6.60.
HITI Sitting right above that $7.80 resistance and has not moved AH... This can potentially be a PM Trade Or it can ease into open we just need the same average dollar volume as we did at close on Friday
These are my three PT's above 9.70s is ATH and we know what happens from there
As many of you already know, I've been bullish on HITI for quite some time, waiting for the right entry. This is one of my favorite cannabis stocks, and I'm bullish the cannabis sector overall. This may not be a quick play; I'm expecting to hold my cannabis stocks for quite some time.
On the daily chart, HITI made some lower lows, while the RSI made higher...
I see this hitting $8.30 before bouncing and crossing resistance around $8.95.
The next point of resistance is likely around $10.90.
Lots of institutions buying up this stock in the last quarter. More coverage from analysts.
HITI will retrace a little further. Be patient with your buy order and hold to at least 11.39.
Buy 1: 6.70
Buy 2: 5.80
Stop limit (close) 5.30
Sell 1:11.39
Sell 2: 13.60
After a triple support convergence on 17 June and a strong bounce-up on 18 June, HITI is again nearing the long term support line.
I am long HITI and will add to my position on the next bounce.
On HITI, we can see the ABCD triangle pattern. should be the 4th wave. Now it is trying to complete the 5th wave. We can expect that this will create new highs soon .
A falling wedge pattern is forming. Buy upon breakout.
RSI looks very oversold. Expecting a small bounce upwards from here. But a continuation of decline.
A breakout from a falling wedge pattern depends heavily on buy volume.
I'm not going to get into the fundamentals but they're actually amazing and you can and should do your own research on that but the technicals right now look absolutely insane.
It's consolidating in a symmetrical triangle and now it's showing a sign of a double bottom pattern within the triangle which means it's go time.
I am aggressively adding to my position...
First of all, I do not know much about the company or the industry.
This is strictly based on my experience of (or inexperience, haha,) technical analysis of its trend.
I have had my eyes on the industry and have begun reading and learning more about it. However, HIFI looks like a newly listed company with brief stock trade history, which means this wild...
Bullish Flag, confirmed (85%)
Pros:
Volume at post
Descending volume during flag forming
Volume at break out (some)
PPS above 50MA
RS above 0
R/R ratio above 5
Cons:
ATR flat
No 200MA
No 250RSI
RS descending
Target:
PT = 1.39$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do you own Due dilligence. This is not...
Looking at how they are doing and the updates about the company and the fact that it shows an upward trend says that it could hit $1 again.
I am totaly new here and this is what i kinda think would happen, what do you guys think?
