PureFunds ISE Cyber Security ETF (HACK)

[ospreyeye]

$HACK $STUDY chart

- in order to start a new up trend $HACK needs to form candles above the middle BB -

That was the quote from 3/16 - from the 18th to the 24th $HACK tried to turn the middle Bollinger Band @ 28.37 into support, but was unable to and pulled back - again on the 30th & 31st $HACK attempted to break the middle BB, but failed - finally on the 6th $HACK closed above the middle BB & signaled to the bulls it was party time - $HACK responded by forming 4 green candles in a row -

$Take note - breaking middle BB resistance = good times - checkout Feb. 5th for a great example on this chart

$HACK is now hitting Feb. resistance levels - if you remember our charts from Feb. a Bearish 3 Gap Ups formed & $HACK proceeded to run a little bit higher, but hit the 29.50 resistance zone - that is the $Key level to break & turn into support - $HACK completed a W Double Bottom pattern and filled the Jar back to the 29.50 zone - big move - if Feb. highs turn into support it will = upside potential & if they turn into resistance it will = downside risk - $EYE will post an annotated chart for clarity -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111799048&txt2find=Hack

ospreyeye Monday, 03/16/15 10:19:49 PM
Re: None
Post # of 34511
$HACK chart - the 1st Gap to 27.50 nearly filled - EMA 8 @ 28.17 is the $KEY level to break - the middle Bollinger Band @ 28.81 is the $KEY level to turn into support - after forming bearish 3 gap ups $HACK hit resistance & formed a Double Top - candles forming below the middle BB & EMA's 4 & 8 = downtrend - in order to start a new up trend $HACK needs to form candles above the middle BB - hitting lower BB @ 27.61 support - Fast Sto up from oversold levels & RSI in the bull zone -