FHAL
You bought @ .21 and have not sold a share when it hit 1.55?
OK,... Well for the more realistic,... if this was going to trend higher it should have closed above 1.10! That tall upper shadow notice is a taller shadow than the day before! A candle foreshadowing of what is to come. As the upper shadows get longer the stock is starting to lose momentum! Tomorrow will be the forth day for an uptrend and that is already too many! If it does go much higher expected a kiss of death candle. This pattern is so typical it is listed as one of the most reliable patterns for predicting the out come.
Recommendation, Sell anything over 1.40 IMHO. If it goes to 2.00 so what, MOMO says " take profits " Catching the top, Well it never did retrace to over 1.55 did it!
I do not own this anymore and have no reason to pump nor bash what the out come is!
I am just doing my job as resident T A reader here. Do your own DD and best of luck with your decision. My Job is call things as I see it and I see this as needing to take a breathe.
It is not like this traded 100 million or so. Then we could look at a changing of the guards but not at these volume levels. Some are going to be burned as bag holders..
FHAL might be heading higher but it will need a rest first, before the next leg up! A high of 1.55 is a long way from 2.00
For the longs I hope I am wrong but when all you have is hope........ SELL SELL SELL
Yes I know all about the 15.00 story!
good night, over and out.
AI
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