Halcyon has broken above the critical psychological 0.800 resistance level which it has been consolidating below since Mid of June. Finally a clear breakout of 0.800 today on pretty high volume Top 10 currently. As long as 0.800 holds as new resistance turned support, more upside can be possible. Near term target would be 0.900 first. High in June was above 1.10. Has finally just crossed above the 20 DAY MA SHORT TERM moving average yesterday after about a month and has continued to surge higher today. This can signal a reversal to short term upward trend. A break above 0.90 can see it attempt to test critical 1.00 level again.
Stop loss at 0.79.
No comments:
Post a Comment