HAI has been making new highs and pushing upwards with great force. The momentum shows clearly on the way upwards as HAI has been moving inside an ascending channel after a breakout from a bullish continuation pattern. Currently, HAI has broken down its ascending channel and started a minor and local correction, targeting the previous key area of resistance. Supporters and buyers appreciate a regional breakdown to see a retrace after a very long period of consistent rise-up.



The strength of the lower timeframes shows immensely that, the higher timeframes as HAI show a parabolic rise up to the upside and cannot show any signs of weakness, which would cause a halt in momentum. Even the current retrace is followed up with a long wick to the downside, which shows any re-test of the previous key-area of resistance is being bought up very swiftly and does not leave any chance for late buyers to get in.



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