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Registered User
Joined: 1/2/2005
Posts: 21
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Does anyone have any comments or thoughts on HOKU chart?
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Registered User
Joined: 12/8/2004
Posts: 213
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Short term technicals look good, however
There are two long term downtrend resistance lines.
One at about $7.00 and the other at about $4.80.
Some other long term indicators are not yet indicating buy and some are even indicating sell.
I would avoid buying this stock at this time.
Your best reward to risk buys are when all three time frames short, intermediate and long term line up together indicating a buy. It doesn't appear that that is the case here. However, if you are already long here you may have enough information to indicate that this is the beginning of a turnaround play. In which case it could be a good hold, but I wouldn't add to it at this point, but rather waiat until you get multiple time frame confirmation.
Good luck
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Registered User
Joined: 1/2/2005
Posts: 21
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Why thank you Sir. Actually I was looking at the positive divergence between linear regression on price and linear regression on TSV.
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Registered User
Joined: 1/2/2005
Posts: 21
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HIKU and CTIC have very similar chart patterns.
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Registered User
Joined: 12/8/2004
Posts: 213
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There is a signficant positive divergence with respect to OBV.
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