Wednesday, August 22, 2012

HPH Trust

HPH Trust: Counter is in downward slide with indicators still yet to signal a bottom. Stochastics, though in oversold conditions, are still pointing down, similar to RSI. MACD has shown a positive bar which might be the start of a bounce. The positive divergences spotted in the indicators also suggest a imminent bounce. Expect a bounce over the nxt few days, but a more solid retracement will require further confirmation. See support at $0.70 lvls with near-term resistance at $0.75

No comments:

Post a Comment