HL Asia: Wait for Breakout

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HL Asia is trading within an Ascending Triangle. At the moment, the direction is not very clear because HL Asia may breakdown or breakout to go up. Looking closely at the chart, a mini double top is formed with the neckline (green) somewhere between $3.40 to $3.50. Breaking down from this mini double top will send HL Asia to $2.80. Reversely, if the mini double top resistance is broken (about $3.60), the price target of this breakout is $4.20.

3 thoughts on “HL Asia: Wait for Breakout

  1. Hi Bro,

    Its great seeing your website up again! Really miss it..

    Just to let you know, your google ads is blocking this post. Not sure if you are aware :-)

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