Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Paul Senior who wrote (1155)	6/26/2009 12:44:21 PM
From: Jibacoa	Read Replies (2) of 1404

Senior, HBRF is starting to get off its medium term DT coming from its May 2007 H at $6.75 It has since then attempted to form 3 'cups' patterns. The first two failed, but so far this last one seems it may succeed as the stock is trading above its Sep H of $4.05 which is where the 2nd one failed.<g> bigcharts.marketwatch.com The stock seems to have now resistance around the $4.20 level, which is the lower part of its first 'attempted cup", before it can test the Feb H at $4.30 Montly volumes have remained low. The last one above 1M was in May 2008 which was a 'down month'.But that could not be compared to the 2,500,770 traded in Nov2006. That was an 'up month' and the stock subsequently went up from $5.57 to $6.75 by May2007 <g> bigcharts.marketwatch.com I think you don't like it because its 'chart pattern', but by the fact that it has no significant LTD and has +CF and +FCF. <g> For me to like it, it has to meet both 'fundies' and TA requirements.<g> Bernard

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