$HUSA bear flag reversal Those of you paying atte
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$HUSA bear flag reversal
Those of you paying attention know that I have been watching $HUSA and said that a close above the 20 DMA would signal a breakout.
http://investorshangout.com/post/view?id=112022
The stock closed above the 20 DMA earlier this week and rallied up 50% intraday only to retrace back down to the 200 moving average on the 10 minute chart which is 1.15.
If you take a look at the hourly chart below, you will see that there was a bear flag formation that ended up getting reversed in the final hour of trading today. The stock closed just below the 20 moving average on the hourly chart and may set up a gap up tomorrow to continue the rally. Those of you who entered the trade are hopefully took some off the table and have a break even stop. Let this sucker run.
[IMG]http://i.imgur.com/oLs4D.png[/IMG]
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