Hyperdynamics Corp (HDYNQ)

[jeslookin]

one thing i track is ROC (rate of change)on a 130 period. add in bollinger bands on this and it seems to me to be a better indicator than macd. anyway putting this in we have a break out today on the upside which is very bullish. with macd turning up and with a buy buy signal it confirms the bullish position. elliot wave pattern show a 5th leg consolidation about to drop slightly (rsi on 2 confirms this)then we should head up for the beginning of a 3rd wave up pattern. also we are forming a wedge which indicates a break out to the upside. all the techs are lined up for a nice run up.

however with this company charts mean very little. that's why i took my ball and went home. =0)

if i was gonna sink some moola into this it would be now though.

http://stockcharts.com/h-sc/ui?s=HDY&p=D&yr=1&mn=0&dy=0&id=p07094093664&a=365108345