I don't like it at this price. Check out the RSI in relation to the support and resistance levels. It looks like it is nearing another resistance level. Also the 50 EMA is below the 150 EMA on the daily. If it fills the cup and is able to break thought then I'd consider an entry with a tight stop loss. So possibly around $13.50-$14. It 'may' do that but I'm not...
This is just a trade idea. I'm not actually in this trade. I believe HMNY will bounce off the RSI support and we'll see $5 to %6+ again soon at minimum. I also recommend high caution. If you enter I would set a tight stop. Try to enter at daily support.
Trade Idea - not actually entering myself right now. This might be a good place to enter long. I believe it has just bounced off support as shown by the RSI. Has a good bit of upside left to go. If you enter here at $13.33 I would set my stop loss no lower than $12.95. I believe if a bullish trend develops we could see a test of the $16, then $18 thereafter.
Looks like a wedge has formed on the chart. Look to see if it is able to break out of the wedge. If so I'd go long. If it breaks downward I'd stay away. I personally don't short so I can't advise to do that.
