In recent days HLIT has consolidated at the 50 MA which appears to act as support as it coincides with prior resistance from the July high and the high open in April. This point of consolidation also acts as a gap fill from the gap up in August.
Given the confluence of all these points and that HLIT closed above the 1 Fib level ($9.17), a MACD curling up and an RSI of 49 I believe HLIT is ready for the next leg up.
Target $10.68 in the short term.
Given the confluence of all these points and that HLIT closed above the 1 Fib level ($9.17), a MACD curling up and an RSI of 49 I believe HLIT is ready for the next leg up.
Target $10.68 in the short term.
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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.