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Thursday, May 24, 2012 10:28:25 PM
It does work, Look at so many examples where it def picks up in pps and volume for the next few days until the next major resistance.
For HLNT's case, the next and only remainder MAJOR and REAL resistance is the .0055-.0060 area.
Even without news, I see HLNT having 20+ million volume days through next week and most probably hitting the .055-.0060 level.
That is what every single momo player that will be entering tomorrow and tueday has as their target. 40-50% for them in 2,3,4,5 trading days is huge. But then, WITHOUT any PR this would fizzle back down to test the 10dma as minor support then test the 20dma as a little more of a support after the run up into the 50's
This is of course IMO and 100% based on my level of experience and by god no means saying this will happen... Just do not be surprised if it does.
Been sayin since last week once the 50 crosses the 200, the volume will come in, when it hit 37 today, that is when OFFICIALLY the Golden Crossed happend and we got like what, 7-8 million shares in last 25 minutes of volume! I still think most of that volume was short covering as tomorrow the real momo's and investors and longs averaging in are jumping in ALONG with more short covering whereas the volume, imo will be over 20-25 million.
Time will tell and once again 100% my opinion and not saying this is what WILL HAPPEN, just do not be surprised if it does happen.
WITH A PR??? ALL BEST ARE OFF--- MUCH MUCH HIGHER
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