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.

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Goodpack:Forming a Wedge

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Goodpack’s chart show a Rising Wedge formation and maybe an Ascending Triangle formation. At the current chart pattern, Goodpack may be coming down to test the wedge support at about at $1.50 to $1.55 level, somewhere near 78.6% FR level. Punching below the 20D MA support is the 1st signal. Next immeidate support is 50D MA.

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