James Hardie


James Hardie

Tops often become bottoms. Note the oversold conditions indicated by the RSI and MACD at this time. The trend is up for HAH. The only thing that looks likely to stop Hardie's continuing rise would be a general market downturn in the States. Expect initial resistance at $4 to $4.20, half of the move down, but the trend looks up.

HAH appears a strong stock at this time. On recent down days in the market, this stock hardly moved. A good sign of strong buying at current prices.

Current trade in operation by EIS at present, as displayed in the two advanced classes this year (feb and May 1st). I try to pick up such stocks on down days if I can.

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