$2 handle very much within sight from hereon. Wonder what will happen if they come up with upgrade announcement in the short term.
Looking good eh sb9
The market in the long run is a weighing machine ...and it’s finally beginning to see the light of day in respect of HGH ....lots more upside from here
Last edited by winner69; 26-01-2021 at 11:56 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Bull break of the 170 resistance. US financials have been performing very strongly in the last week so suspect this is a catalyst. Next strong resistance level is around 190.
Price target hit. Expecting a pullback from here as very overbought on the daily and weekly.
A return to pre Covid dividend levels still makes a respectable fully imputed yield with HGH
but -
then we have other gains to be booked
HGH's indication of 'making up' for lower last div payout in future
Timing of withdrawal of RBNZ straightjackets from banks on distributions
Reversal of C-19 provisioning
Extent of any doubtful loans effectively picked up by Govt under C19 partial guarantees
Govt SB interest free loans have possibly removed some of the potential nuisance loans with
questionable recovery from the spectrum, leaving things quite flush with the other buckets full
of stimulus thrown into the system..
Lots more upside potential IMO ..
Remember the gradual tickle upwards in SP has been fairly light with HGH in comparison to
other companies ripping away upwards in the current low yield environment ..
Last edited by nztx; 26-01-2021 at 12:41 PM.
Reason: add more
Price target hit. Expecting a pullback from here as very overbought on the daily and weekly.
Yes too true, but not on the monthly.... and if you look at the monthly you will see it has remained significantly overbought for half a year or more at times.
and I would note there is no divergence on the RSI at these larger time levels either, so while they are overbought , there's no sign of an imminent turnaround.
Yes too true, but not on the monthly.... and if you look at the monthly you will see it has remained significantly overbought for half a year or more at times.
and I would note there is no divergence on the RSI at these larger time levels either, so while they are overbought , there's no sign of an imminent turnaround.
To clarify, only expecting to see daily consolidation. Mid to low 180's.
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Originally Posted by sb9
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