HAUTO - inching closer to a potential buy
Short update on HAUTO
The stock continues to correct down and becomes more attractive by the day.
As price approaches the low of wave A it might bounce but the momentum is clearly bearish for now and one should remain patient and wait for prices below 80 NOK and even better so 65 NOK. Right now price is an the wave c of 2 and we want to trade the wave 3 which will be a great chance for all of us.
The RSI is clearly below 50 on the daily time frame but potentially a divergence is forming on MACD which indicates that a small rally may come before continuing further down.
The stock continues to correct down and becomes more attractive by the day.
As price approaches the low of wave A it might bounce but the momentum is clearly bearish for now and one should remain patient and wait for prices below 80 NOK and even better so 65 NOK. Right now price is an the wave c of 2 and we want to trade the wave 3 which will be a great chance for all of us.
The RSI is clearly below 50 on the daily time frame but potentially a divergence is forming on MACD which indicates that a small rally may come before continuing further down.
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