HUT 123% Upside Potential?The stock has delivered a 235% rally since the end of March (A), followed by a period of consolidation.
This consolidation appears to be forming a complex pullback pattern (B). These formations are common within uptrends, and here we can clearly see the price continuing to form higher highs and higher lows, confirming the upward trend.
Another positive factor is how the price reacted to the Monthly Support area — with relatively strong buying pressure. This further increases the probability of the stock continuing higher.
The first target (C1) is the all-time high, representing approximately +43% upside. The next target (C2) is the price zone projected from the Flag formation , which represents approximately 123% upside from the potential higher low.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.