Spikes wrote:@Karasinga Look at the supply of HFCK. Is it an insider exiting at a loss to avert a major haircut apparently looming large?
@ spikes. I doubt if I got you question.
All in all, HFCK broke above the upside resistance level of 10.15, 1 trading day ago. This is a bullish sign. This previous resistance level of 10.15 may now provide downside support. Volume on the day of the breakout was quite heavy--38% above average. This makes the breakout even more significant. If you decide to trade HFCK, you may want to place a stop loss just below the resistance level, in case the breakout is premature.
hope this helps.... disclaimer
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