Monday, February 6, 2012

HLH Grp

HLH Grp: Technical Buy Call by CIMB. Note that recent close above its MA is a positive sign for the stock. The recent double bottom at $0.012 could potentially be good for the stock.

MACD is improving and has moved back into positive territory while its RSI has temporarily stalled near the neutral mark. Only aggressive traders should attempt to buy this stock. The stock is a buy with a stop placed below $0.012. A breakout above the double bottom neckline at $0.018 on rising volume would mean that prices could potentially hit $0.0199, its 200-day SMA or even $0.22.

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