Westcoast, you want to talk charts. Have a look at the below....

Westcoast, you want to talk charts.

Have a look at the below. The market, through the chart reflects the well being of a company.

You profess to be a chartist. HIL is still in a strong downtrend and even the recent bounce has not drawn it out from its downward spiral.
The financial performance of HIL is reflected in the sustained downward spiral - FACT

The weekly chart "has not" offered a reversal, so I hope all these guys havent loaded up.

If you were a true chartist looking at the performance, there is not one indicator that has presented a long term buy on this stock since its 2014 sell signal!!!

On the daily chart, HIL offered a short term trading opportunity, however there is no long term signal to offer a reversal of the trend. Anyone interested in taking a longer term position should not support the price at these levels due to high risk!!
If you took a long term view on HIL some years ago you could be down 80-90% of your capital!!

If you look at the chart there have been larger bounces within the downward trend but not one of the bounces has amounted to a change of direction.

The trend has not changed - FACT!! Until it does HIL is a very risky investment!!


Cheers