Harbour - HBR

HBR - daily chart
uk.advfn.com/p.php?pid=chartscreenshotsh...dI2GhBIXGgZEyOaH0ig=

In a nice rising channel currently. Need a decisive break above the pivot level around 320/325p.
A gap above 325p or a strong breakout move should see new money come in and provide the momentum trigger for a impulse wave higher towards 500p imvho..

This looks good and has potential from a technical perspective also.

atb, wdik, dyor.
trendfriend

HBR I think will be in a holding pattern of sorts until the acquisition is fully complete.
I have a small holding (1250 shares) and would be looking to add on weakness.
A great Dividend play and surely a FTSE 100 stock in the making when Wintershall completes.

hbr - daily chart.
uk.advfn.com/p.php?pid=chartscreenshotsh...bLzkoiFaSWE4sIiHqI8=

The action since the big move up...looks very much like a bull flag consolidation and holding nicely above all 3 moving ema lines on the daily.
The next target on the upside is around 340p downtrendline. Above that this can really motor.
Only a break and a few closes below the 200 day ema line would question the bull view imvho.

atb, wdik, dyor,
trendfriend

Hey TF , I hope your well.

This exploded past the 262p area following news of an acquisition,


www.harbourenergy.com/media/tgqhvqlg/231...sentation-vfinal.pdf


As HBR was a long time watch list, I entered, lets see how it plays out

HBR - daily chart.
uk.advfn.com/p.php?pid=chartscreenshotsh...McQaLdZdCMj05Z95xl0=

So we could be seeing a potential low forming around 200/220p area. Question is this a basing taking place?
Or is it going to break down further?
I think this is one of those stocks where one wouldn't want cash stuck here waiting for a bullish turnaround to happen. Best wait for the first signs of a bull swing move before entering...262p is the key imvho.

If 200p fails it could just follow the current channel and head further south!
is it possible to trade the current range between 220p/270p if you the patience!

atb, wdik, wdik
trendfriend