HKUP Chart: Very Bullish close above the 7 & 10 DM
Post# of 776
Posted On: 07/05/2014 3:34:43 PM
HKUP Chart: Very Bullish close above the 7 & 10 DMA's on Thursday.......
As this chart shows the 7 day moving average @ 0.0326 & the 10 day moving average @ 0.0335 had been major resistance until HKUP closed above both levels on the 3rd.........MA(7) is set up to Bullish Cross MA(10).......this is an early Bullish Reversal signal we look for when scanning charts............
Another signal we look for is a Parabolic SAR bullish flip.........the Parabolic SAR is currently @ 0.0377.......when the share price breaks the SAR level the green dots will "flip" below the candles/share price........SAR means Stop And Reversal...........
The MA(7) / MA(10) crossover and Bullish SAR flip will be two early reversal signals........the KEY for HKUP will be to form candles above the 20 DMA @ 0.0419....... ....MA(20) is also the Middle Bollinger Band & is the Up trend / Down trend line.......candles forming below the Middle BB/MA(20), like HKUP, = down trend..........& candles forming above MA(20)/Middle BB = up trend..........when HKUP forms candles above MA(20) it should = Showtime!.................
HKUP ON NEW UP TREND RADAR...................$$$
http://stockcharts.com/h-sc/ui?s=HKUP&p=D...6466917774
As this chart shows the 7 day moving average @ 0.0326 & the 10 day moving average @ 0.0335 had been major resistance until HKUP closed above both levels on the 3rd.........MA(7) is set up to Bullish Cross MA(10).......this is an early Bullish Reversal signal we look for when scanning charts............
Another signal we look for is a Parabolic SAR bullish flip.........the Parabolic SAR is currently @ 0.0377.......when the share price breaks the SAR level the green dots will "flip" below the candles/share price........SAR means Stop And Reversal...........
The MA(7) / MA(10) crossover and Bullish SAR flip will be two early reversal signals........the KEY for HKUP will be to form candles above the 20 DMA @ 0.0419....... ....MA(20) is also the Middle Bollinger Band & is the Up trend / Down trend line.......candles forming below the Middle BB/MA(20), like HKUP, = down trend..........& candles forming above MA(20)/Middle BB = up trend..........when HKUP forms candles above MA(20) it should = Showtime!.................
HKUP ON NEW UP TREND RADAR...................$$$
http://stockcharts.com/h-sc/ui?s=HKUP&p=D...6466917774
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