The Hain Celestial Group, Inc. : Lower band of a trading range
Entry price | Target | Stop-loss | Potential |
---|
US$100.31 |
US$0 |
US$98.5 |
-100% |
---|
Technical patterns and qualitative fundamentals enable us to point a rebound.
The company shows qualitative fundamentals. Indeed, its net revenue should increase by 24% YoY. Growth perspective are important on the stock concerning the next 3 years. In the same time, margins should progress, confirming the healthy situation of the company.
Following a bullish wave, the stock gradually declines and prices are coming near to an important support level. It correspond to the lower band of the USD 100/104 trading range. At this level, a new buyers interest about the stock would easily allow a rally in the medium and long term toward USD 104. Then, the breakout of this level will argue for a target at USD 108.
Therefore, a long position could be taken above USD 100. The target will then be USD 104 and 108 by extension. A stop loss will be placed under the entry point in case of a failure of the bullish overflow.
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