Hwa Hong (technical)

Hwa Hong: the counter has been on a protracted downtrend since Apr '11, but its chart outlook may be starting to look more positive, supported by today's bullish white marubozu candle (if the stock can close at the day's high), and the break of the 200day MA. The key indicators have started to perk back up, particularly with Stochastics hooking up from oversold levels. A break above the $0.38 resistance would further signal the stock as a bullish breakout candidate. See support at $0.33, below which would indicate that the downtrend has resumed.