ASX NHF Long

Detail is in the chart.

Encouraged by seeing Pardis post re ASX Stocks ... hat tip

Komentarz:

Feb 4 1330 AEDT
Breech ... ouch (yellow uptrend and $4.60) and ouch again ($4.55 support).
... and that is why we have rules!
Noted: Bullish absorption on bar of Feb 3 with slightly higher volume.
Watch volume on this one for evidence of support turning up for the Dividend.
If it doesn't hit $4.40 (skeptical) then buy the upside breakout or channel re-entry,
Notice the body ranges have now shortened to 5c (were 10c) and it is patterning into a bullish downward sloping wedge.
This could be a nice little profit earner!

Komentarz:

Feb 9 20.00 AEDT
Very bullish absorption bar Feb 6 on big volume.
Notice volume of last few days - very bullish - somebody knows something, and they don't hate it! ... unless they read my post (above)! ... (hahaha)
I will get some (more) of this if I can find a sweet entry point on a lower time frame.

Komentarz:

Feb 20 13:00 AEDT
Profit results announced:
- Total Group revenue of $995.0 million (+7.3%)
- Net Profit After Tax (NPAT) of $71.1 million (+65.0%)
- Group underlying operating profit (UOP) of $95.21 million (+43.4%) and
statutory operating profit of $90.9 million (+53.3%)
- Earnings per share (underlying) of 17.1 cents per share (+55.5%), earnings per
share (statutory) of 16.4 cents per share (+65.7%)
- Interim dividend of 8.50 cents per share fully franked (+47.8%)

Stock gaped open above resistance at $5.00 now support.
Another massive load of volume on Feb 8 ... very coincidental!
Time to take some profits off the table, as I believe it will pull back post euphoria, then rally again towards the ex div date.
I appreciate the support ("likes") I received on my earlier analysis. I trust you have benefited from this.
... just my 2c worth