Tuesday, August 3, 2010

Hi-P 3-Aug-10 (Update on previous Sell)

Extremely strong buy up, gaping up on resistance line of $0.75. Stop-loss triggered at $0.79.

Unexpected rebound from break-down (Purple circle) of uptrend. On hindsight, low volume and subsequent days of strength should be taken as warning signs.

To sideline and observe if break-out can materialize into new uptrend momentum.

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