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Houston American Energy Co HUSA
Posted On: 08/31/2012 10:51:55 AM
Post# of 69
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Posted By: coolnapz
Re: coolnapz #2

$HUSA trade off the table



I have been watching $HUSA for a possible break out entry on a close above the 50 day moving average. However, price continues to decline and it recently closed below the 20 day moving average and is now chopping sideways in a bearish manner.


There will be a 20 day over 50 day bullish cross which may attract some traders, but I am looking for a deeper decline before getting involved. A move below 90 cents may get me interested as that would make the 80 cent support below not far away and give an easy reference point for a 10% stop out.



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