Huifeng Bio-pharmaceutical Technology (fka HFGB)

[pappy]

smartscan chart analysis & my view

1]above 5 hour M.A.+10

2]3 day high on friday+15

3]above20 day M.A.+20

4]new 3 week high week ended Nov.6th+25

5]new 3 month high in Nov.+30

total +100% buy

The volume tapered off Thur. & Fri. keeping the pps below resistance @$0.90.

I believe that resistance could be overcome next week with another good earnings report.

Lets hope that management is correct in saying growth will continue in the traditionally strong 2nd half.

So far management has been very conservative & beat every projected revenue & earnings given.