Investors Hangout Stock Message Boards Logo
  • Home
  • Mailbox
  • Boards
  • Favorites
  • Whats Hot!
  • Login - Join Now!
Ice Cold Traders
Posted On: 12/21/2012 11:00:15 AM
Post# of 474
Avatar
Posted By: coolnapz

Next $HLF Support levels


$HLF is having a deep pierce through the 200 week moving average. There is no trade today, and if there is to be a bounce play it should be looked at next week instead.


There's actually decent looking support at the 30 dollar level. First, there was a bit of shimmy and shake before it broke through 30 bucks back in 2010. Second, it is a 61.8 retrace from the 2008 lows to the 2011 highs. Third it's a nice round number.


The next area of support is 25 bucks which was a major resistance area from 2008 and 2010.


I'll have to watch pattern very closely. This time around I'm going to let the market tell me it is putting in a low. I'm thinking that we need to watch for any tax loss selling followed by end of year short covering.


(0)
(0)









  • New Post - Investors HangoutNew Post

  • Public Reply - Investors HangoutPublic Reply

  • Private Reply - Investors HangoutPrivate Reply

  • Board - Investors HangoutBoard

  • More - Investors HangoutMore

  • Keep Post - Investors HangoutKeep Post
  • Report Post - Investors HangoutReport Post
  • Home - Investors HangoutHome
  • Mailbox - Investors HangoutMailbox
  • Boards - Investors HangoutBoards
  • Favorites - Investors HangoutFavorites
  • Whats Hot! - Investors HangoutWhats Hot!
  • Settings - Investors HangoutSettings
  • Login - Investors HangoutLogin
  • Live Site - Investors HangoutLive Site