HDGHF trade ideas
Bullish signals- The 55 EMA rejected the fall and pushed the price back to today's opening. There are a few more hours of trading today but a doji could be formed and this would be a strong bullish signal.
- There's not strong volume to support the fall in price meaning there could be a reversal next monday
- This is a healthy correction within the channel, not major concern
Moving sideways for more than a monthHaydale managed to get out of the downwards channel in which it was just around mid April.
Since the covid 19 crisis started the stock moved sideways. We believe it will start raising at some point but the downwards trend is not there anymore that is for sure.
It is a positive sign that the price of this stock didn't plummet and the reason for this is because the investor knows Graphene is an important material. Gradually they will resume operations and we are specting some positive news.
Keeping an eye or retracement levels and volumeHaydale it's experiencing a correction of 78% since it's last swing up. We observe that the volumes in this correction are not too high in comparison to the volumes in the upwards movement.
There's a high chance that the price will stop falling at the 78% retracement level and then recover it's path upwards in the following days to the next swing high which could likely be at 9.12p or above.
We doubt the price will continues to fall but if it does it will likely won't be below the 55 EMA.
Regarding the fundamentals, Haydale has released an RNS today(24th of Feb) with good news. The group has managed to remain resilient during the covid crisis and the loss of revenue is minimal(5%). Also they managed to reduce by 35% expenses and they are scaling their orders an production.
Bullish momentum for HAYDThe 1D chart for HAYD is looking really good today. We have multiple bullish signals.
- Today the price could break above the upper channel bound
- RSI indicator for 250 periods is showing >50% indicates the start of bullish momentum
- The volume indicators in the past few days were trending up
- Trading above the 55 EMA
There's a high chance that the channel could be broken if this is the case and the new support rejects the price we could be on the way to a bullish trend.
In the case the channel doesn't break and rejects we believe it will find support in the 55 EMA.
On the latest Fundamentals:
- Haydale has recently launched it's new SynerG graphene mask and is starting to fill orders for both retail and B2B customers.
THE NEW GOLD - WAITING.There is a new gold in the world. Yes - that's right! Most people don't know about it. It's lying dormant and about to take of, in my estimation.
In this chart I show - mainly for investor interest - 5 graphene stocks. Nobody seems to want them at this point in time. But what do you know about graphenes? Most people know nothing. For total transparency, I have no pecuniary interests or investments in these companies (as yet). In keeping with the house rules I am promoting none of these highlighted. This post is largely educational.
Well, for electric bikes and cars, to aeroplanes that are on the horizon - graphene, a super-powerful and versatile material, is about to rise in demand. If you're a serious investor, you'll be jumping on the net to search the several uses of graphenes and technology developments.
Let's step back a bit. In the midst of the COVID crisis, we saw the rise of tech, biotech and game industries. So think - what's gonna happen after COVID? The world is already moving swiftly away from petroleum based energy sources into renewable energies and the rise of 'electricity'. All this is likely to accelerate. Do that research.
A few new developments are:
1 - Graphene batteries
2 - Graphene super-capacitors that will enhance current Lithium batteries, prolonging their life by up to 4 times.
3 - A new range of graphene conductors.
4 - Super-strong materials made from graphenes.
There are dozens and dozens of graphene stocks lying dormant at this time. My job here is not to make any recommendations or give advice. I'm only raising awareness.
Once COVID is either conquered or controlled, investments into uses of graphene are expected to rocket.
As you can see in the recent price fluctuations, interest is beginning to bubble in these stocks.
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Trend line holding- We ha a eek with red share prices but also with low trade volume
- Today the trendline was tested but it supported well the price
- We are expecting stronger movement upwards from next week
Side note: the low volumes this week we believe is due to investors patiently waiting for RNS regarding an expected payment for the delivery of PPE to a Thai firm.
Impulse wave forecastWe saw a very strong upwards movement in HAYD very recently and yesterday and today we are seeing a correction to that movement.
In this forecast we are using elliot-wave tool alongside our existing support lines to show how we think this stock will gradually gain impulse upwards.
close to the 5.90 resistanceHaydale is taking off after the good news last week. They are producing graphene inpreganted PPE and NFR tech for IRPC a 4bn market cap from Thailand.
Rumours of a re-rating could be ongoing. We need to wait to see what happens but it would not be surprise if we hit the 10p mark at some point in the following weeks or even days.
KABOOM!On the fundamentals:
- Haydale price exploded today after this RNS: www.haydale-ir.com
- Lot's of optimism, the public is waiting for another RNS that will be coming soon in the following days when the first payment/fee from their partner is received.
- The company has confirmed that they believe they will be able to deliver before end of the year
On the technical
- Those two doji candles yesterday and the day before were signalling that something big was about to happen
- The resistance levels at 2.1p and 2.7p broke and the price went well above we are hoping today the day will close above 3p
Doji canddleA doji candle pattern was formed today on the daily chart. There was strong volume today and at the en the price closed at the same price it opened.
Some fundamental positive RNS recently but also some fear of lockdown have made the bulls and the bears fight today. This could mean a further strong impulse upwards or a downwards reversal.
If the price is to drop in the following days we are hoping it to not go below the dashed orange line that is marking forming upwards trend.
Sideways channel coming to an end?Today the sideways channel was pierced significantly. Let's see by the end of the day if the price closes abobe the yellow line. That strong resistance will become support.
This could be related with the recent news that New York and other states will be lifting lockdown.
