How To Count Waves Daily Chart Hudbay Minerals Inc
How To Count Waves Daily Chart
Hudbay Minerals Inc (HBM)
This video is recorded today because of
the relevant question that was asked by
Brian S. The financial instrument is (HBM)
Hudbay Minerals.
I will start counting waves on the daily chart,
then I will switch to the monthly chart to check
the bigger picture. That will allow me to avoid
fooling myself with the daily chart waves analysis
alone.
Let's get started.
Please watch the video in full to understand all.
Now, I will quickly map out the chart.
Financial Price Targets
The target of $3.95 is now in the past, but there are
five more targets ahead.
$10.79
$19.53
$20.88
$32.55 and
$65.10
Those are medium to long term price targets for
investors that want to buy and hold it after doing their
due diligence.
Today, I will only say that one ought to give priority to
bullish signals above $8.90. That is my opinion.
All in all, it is a bit too early to rely on that daily chart
waves analysis because on the monthly chart, the price
still consolidating between $1.97 and $8.90. Therefore, it is a bit
speculative at this stage. However, I can still flow with
the price-action one step at a time or buy and hold and wait
patiently for few months or years. Again this is just my
take on this stock.
Alright, it is time to wrap it up.
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Happy Trading And Investing To All.
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