My thought on HIFI
Updated
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 company is risky and hard to analyze.
However, based on what we have able (and wishes :)) My goal is to buy low. So buy target is down @ 0,3, to fill its gap. It can take weeks or even months, maybe not even at all. I will follow this stock for a while and learn more about its industry. Do not get mad at my bearish thought. I am just careful of my investment capital.
Fluff out
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 company is risky and hard to analyze.
However, based on what we have able (and wishes :)) My goal is to buy low. So buy target is down @ 0,3, to fill its gap. It can take weeks or even months, maybe not even at all. I will follow this stock for a while and learn more about its industry. Do not get mad at my bearish thought. I am just careful of my investment capital.
Fluff out
Note
Update: We are meeting heavy resistance, and the UCSMSI is crossing while the MACD still in decline. A pullback south towards the latest support 0.65 and will presumably hold for a short period of time. The trend is continuing downwards.
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