Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Longer term, HAUP has support at the neckline of what appears to be a large H&S formation. The neckline is around $2.15 or so. That's a bit above the $1.00 target of a H&S formation formed at the highs this year. You can see 3-waves off that high complete, with a wave 4 up possibly complete also.

My guess is it is in a slow bleed down to the $2.15 area, where it could bounce up to 3.95 to complete a right shoulder of a larger H&S formation that would probably take it close to extinction down the road if it came to fruition.

A move above $4.93 would negate this read, although I give a move above the recent highs around 4.29 prior to tagging the $2.15 area very low probability.

http://stockcharts.com/def/servlet/SC.web?c=haup,uu[a,a]waclyiay[pc9!c13!c20!d20,2!c50!c100!c200!c15...

I know nothing about this company, so just take this as my attempt at a technical read of the chart and nothing more.