Hyperdynamics Corp (HDYNQ)

[Chesterfield]

Technicals are tricky as they can be set up to flash false buy or sell signals on thinly traded stocks by trading desks with a little bit of muscle. In this case a $10K order moving the stock significantly. However I don't believe you should ignore them.

This stock is consolidating nicely above $4.00 and will probably be doing the same above $5.oo shortly. Historically MACD, RSI, 50 & 200 day MA's do tell a story here, not always pretty but starting to move in our favor now.

Good times ahead!