HAS stock price has lost 40% in the past couple months. The strength of the bearish trend is strong in the short term . A strategic long position could be built to take advantage on a rebound in the next months. For the long term, a position could be opened in the incoming weeks to be exposed in the market.Why Long?
Extended stock price from short-medium averages in a downtrend weekly chart.
Enough strength on negative momentum highs for the price to go find liquidity at the short period average.
Note
[img]Price corrected before expected. First entry has been partially sold and protected.
Trade closed: stop reached
Over protecting, stopped out and then it goes, the usual.[img]
A highly probable recycle signal for HAS shares was shown mid January hitting a position take profit target 64 days after second entry.
Two stop limits for the entire position where reached in the next weeks and position is closed. This was result of over protecting the position setting one of the stops out of the trading plan.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.