HUI’s technical status on the near-term daily chart view is not good. Anything can happen and charts can change. But this is a bearish chart.
It is also a chart that is on our plan for 230 (62% Fib retrace) and/or 212 (gap fill) or disgusting as it may sound, a higher low to the March 2020 low of 142.51.
Now all due caveats about chart patterns, but the gross one that HUI has formed in 2021 would measure to 185, a well-higher low to the March 2020 low. No predictions. Just a bad chart and some of its parameters. Meanwhile, HUI is at a notable support zone so there’s that at least.
