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Monday, January 13, 2014 6:21:04 PM
Possibly, but maybe not. The chart looks great except for one thing. There is massive resistance at .02 cents. Look at the link I posted and look all the way back to July, Aug. and Sept. We probably will not bust through the resistance first try ot two. There's just been too much selling for any near-term huge move. I expect a 50% Fib. pullback to around .0152 and then a bounce back to around the .02 cent level, testing .02 cents several times before it clears and continues upward.
This run has about topped out anyway. Stochastics are topped and looking to turn down along with several other indicators, see first link.
The second link shows the CCI is topped and is as high as it was when the stock topped and turned at around .03 cents. Also, second link shows how the stock has pushed through and closed above the upper Bollinger three of last four days. Any good chart reader will tell you when that happens the stock is usually ready to top and turn. I have been reading charts for many years and usually post accurate results. No one is ever 100% right, but I trade big board stocks using the chart and it rarely ever fails me.
Now, the upper reading is for the near-term only. Longer-term the chart is telling me the stock wants to go higher once it breaks above and clears .02 cent resistance.
For those that thought you missed the boat, put your orders in at just above .015 (50% Fib. pullback area) and hope for the best. Tomorrow should be interesting.
http://stockcharts.com/h-sc/ui?s=HHSE&p=D&b=5&g=0&id=p30632652028
http://stockcharts.com/h-sc/ui?s=HHSE&p=D&b=5&g=0&id=p51167620413
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