AI
Thursday, October 30, 2014 8:21:45 AM
HGG daily and weekly charts
I really like the looks of the weekly as long as it hold the $5.60 mark. If it doesn't, there's a good chance it will dip hard, then come back.
The daily price has the right shape for a bottom, today's news probably won't help it hold support on that bottom trend line. If that fails? It's pointing towards a potential double bottom support level at 5.66. That should get a bounce, but I'd be surprised if it's more than short term.
WEEKLY
I really like the looks of the weekly as long as it hold the $5.60 mark. If it doesn't, there's a good chance it will dip hard, then come back.
The daily price has the right shape for a bottom, today's news probably won't help it hold support on that bottom trend line. If that fails? It's pointing towards a potential double bottom support level at 5.66. That should get a bounce, but I'd be surprised if it's more than short term.
WEEKLY
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