Tuesday, March 07, 2006
HL Asia - No Hammer Confirmation - Saturday, March 04, 2006
No hammer confirmation despite the stochastics buy signal alert. The stochastics K% has gone below the D% as $1.48 support was tested again for the 2nd time. Both the upper resistance at $1.55 and the lower support of $1.48 set up by the hammer bar were tested without a clear indication of which direction price will move. 3 days of high volume with huge amount of shares changing hands. Another interesting week ahead for this stock.
# posted by Cherie : 4:26 PM
