Hannover House Inc (HHSE)

[livinginstyle]

HHSE is on the way up

Are you sure about that? I am a pretty good chart reader and the chart says a reversal "could" be taking place. Did you see today's candle? It was a Hanging Man candle which is a reversal candle. That said, it does need confirmation tomorrow. But, most of the time a Hanging Man candle that forms at the top of a run or at a resistance point spells turn down or the end of a run.

A hanging man candle forms after an advance, a Hanging Man signals that selling pressure is starting to increase. The low of the long lower shadow confirms that sellers pushed prices lower during the session. Even though the bulls regained their footing and drove prices higher by the finish, the appearance of selling pressure raises the yellow flag. A red finish like today's is even more bearish. Tomorrow will tell the whole story. Could go up, but my money is on down. Stochastics have peaked along with RSI, both have turned down. Those are leading indicators.

http://stockcharts.com/h-sc/ui?s=HHSE&p=D&b=5&g=0&id=p16770521433