Following up from yesterday’s call, we have indeed seen the 0.70 resistance cleared with a high at 0.745. Today, we are seeing some profit taking again with a sell down from the high. Some resistance expected from 0.75 – 0.755 for now.
Uptrend intact as long as 0.70 holds.
We had a few entry and exits on this counter since July 2016 with a potential gains of more than 50% along the way (See below)….
Just last week, we had another BULLISH RE-ENTRY signal, and there are NO EXITS as yet for this signal…
So there can still be more upside from here, system aside target can be 0.80 then 1.00 eventually as long as 0.70 holds now in the short term…
Pti grads can look out for exit signal J
Recent Email:
Sent: Monday, November 14, 2016 9:28 AM
Subject: ******* HMI: A move above 0.65 finally can see the next phase of upside, price 0.69
Subject: ******* HMI: A move above 0.65 finally can see the next phase of upside, price 0.69
From previous call, we have managed to see some consolidation below 0.65 key resistance with it attempting a move above today fiercely. We can start to see more upside from here above 0.65 with the 0.70 level likely to give way too. Target to 0.80. Longer term trend looks intact with moving averages still pointing upwards firmly. Momentum indicator reversing up on this move where we can see more buyers above 0.70. As long as 0.65 holds, a short term positive.
For illustration purpose only
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