Hybrid Coating Technologies Inc (fka HCTI)

[pintopower]

Sharpei -

Here is the falling bullish wedge that I was referencing yesterday.

HCTI 3O min chart:
[url][/url][tag]http://stockcharts.com/h-sc/ui?s=HCTI&p=30&yr=0&mn=0&dy=20&id=p55689675122&a=423104534 [/tag]


Here is the inverse head and shoulders, although the right shoulder has dropped more than I thought it would or should. But the neckline is downward sloping so the right should could be somewhat lower than the left shoulder. Perhaps we are at the low if the falling bullish wedge plays out. If this is accurate then we should, at a minimum get back to 1.2 which is the neckline and possibly as much as 1.8.

[url][/url][tag]http://stockcharts.com/h-sc/ui?s=HCTI&p=D&yr=0&mn=6&dy=0&id=p43020398586&a=421834923 [/tag]