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.
HL Asia: Wait for Breakout
- Post author:Marubozu
- Post published:August 1, 2010
- Post category:HL Asia
- Post comments:3 Comments
Tags: Ascending Triangle, Double Tops
This Post Has 3 Comments
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 🙂
Hi, everything is OK at my site. Pls check and feedback again. Thanks!
Hmm maybe is my screen…. the left portion of this post is partly block by the ads. Small issue anyway 🙂