Highbank Resources Ltd. (HBK)

[EconomicPuzzles]

Technical Breakdown


Prior support has been breached due to a substantial material change concerning a delay until February 2015 .

In my opinion HBK shouldn't be far off the mark .The halt occurred in what I deem to be wave A in wave 4 . The gap down at trade resumption today was wave B in wave 4 . The $0.21 high pivot today is wave C completing wave 4 . That leaves us with wave 5 to complete with a potential target around $0.13 if $0.16 fails to hold . This solely reflects my opinion and does not constitute a recommendation . The share price could potentially decrease even lower based on a parabolic curve pattern .