Annotated Chart, Analysis, Commentary poste
Post# of 7290
posted by Nikodemos
A LONGER VIEW would reveal a VERY BULLISH Cup-&-Handle formation BREAKOUT.
Above, I presented a BULL Flagpole & Pennant breakout. BOTH charts are
POSITIVE for HHSE shareholders & ought to be studied by those invested.
All together, as I've said, the HHSE stock-charts show:
1) A BULLISH FlagPole & Pennant Formation
2) A BREAKOUT of such....
3) A Bullish LONG-TERM Cup-&-Handle Formation
4) A BREAKOUT of that too!!
5) An ADX PINCHER (from around Feb)
6) ANOTHER ADX PINCHER (unfolding NOW)
7) Incredibly LONG-TERM Shareholder ACCUMULATION: http://tinyurl.com/kshcrta
A PROLONGED 6-year DOWNTREND CHANNEL...BROKEN
9) The TOPMOST trend-line, of said downtrend-channel, TESTED
10) & HELD, as the stock has BROKEN OUT into a 52-week HIGH TODAY.
This means that ~99.9% of ALL BUYS & BUYERS over the past
52-week period ARE ALL GREEN!!!
& with Managements NO DILUTION POLICY, the ONLY selling-pressure will
either be "manufactured" (likely via rhetoric) or will come from any
profit-taking. Considering the ACCUMULATION & CMF, it is safe to presume
that BUYERS have held onto their shares & CONTINUED TO BUY. Some as HIGH
as $0.066 (to $0.075, depending on the chart) & MAY NOT even be above
water yet!!
For these reasons, I think HHSE is a good BUY. With high UPSIDE potential &
VERY LOW risk in the absence of dilution AND the long-term technicals
which point to long-longs buying, holding & accumulating HHSE over
many many years. Keep in mind, whereas charts are concerned the LONGER
the TREND (uptrend accumulation, for example) the STRONGER the move, correction, or RESULT.
HHSE