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The markets with Swazers's avatar

To add further context for the $HAFN ticker. This is how I see the issue. It’s binary on the technicals right now. I have drawn 2 scenarios that the market may be offering, currently. There appear to be 2 possible channel scenarios. One leads to higher highs the other to lower lows. I have drawn in and highlighted them on my chart idea. These are levels to be very aware of. Either way, if this stock continues bullishly it will be encountering key levels of resistance very soon. Buying these plays that are fresh of all-time lows can always be tricky. Getting involved with firms with low level trading data, equally so. Retail punters can get badly burnt if they go the wrong way. Notice the possible formation of the right shoulder of the head & shoulders pattern close to resistance and the 200 ema on the 4-hour chart, coincidence? https://www.tradingview.com/x/ZcMnBLxt/

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The markets with Swazers's avatar

I agree with you that this needs a correction, ideally a major one. $LTNH This stock is fresh off a July all-time high, IMO there are bearish patterns forming, possibly signalling a correction or pullback. Honestly, this stock has been enjoying a wild ride of late and no one enjoys getting to the party late, do they? Unless you're a unicorn like $PLTR or $NVDA going long at all-time highs is not advisable. I need to see value for a buy. This stock could carry on going up but everything is screaming pullback. https://www.tradingview.com/x/a89w4Irp/

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