100dma just went below the 200day so the chart is looking weak coming into what many gurus think will be poor earnings updates and maybe even a cap raise or cancelled dividend
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100dma just went below the 200day so the chart is looking weak coming into what many gurus think will be poor earnings updates and maybe even a cap raise or cancelled dividend
Ok, no worries, but the 100 hasn't popped over the 200 at all since mid-June 2022, maybe on a phone it looked pretty close, but it didn't. The 50 almost did around Sept this year, but not quite. This has been in a severe TA downtrend since Dec 2021 and is looking like it wants new lows. Albeit three converging trend lines indicate support around $1.44, with f'all support below that until $1.30.
The falling knife, as they say.
At what point HGH will become value BUY ?? Thoughts please as it seems in a free fall ...very surprising for a Yield stock !!
Its pretty cheap now based on a price/book ratio. Can trade up to 1.5x but now about 1x.
But talk about catching a falling knife.... Guru Muse reckons the div could be cut or a cap raise so i can't see any reason to rush in and buy if those bombshells drop.
I think ROE needs to stay double digits for 1x book value to be cheap... cant remember how it all works TBH
Remember catching falling knife worked very well for MFT ...then can work for HGH also ...though not similar pedigree stock and business ...normally Banks do well when rates fall ...also its darkest before dawn ...maybe listen to Baa and start nibbling from $ 1.44 onwards till $ 1.30 he says ...may work out well eventually!!!
Was about $2.50 2 years ago
So a BARGAIN at current price …..BUY BUY BUY ………A BARGAIN ……CHEAP AS as they say