HIPC - up 20% (Record 4th quarter projected) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : HIPC - up 20% (Record 4th quarter projected)

HIPC 1.120

+2.8%

Jun 5 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mannyj who wrote (137)	3/28/1999 6:11:00 PM
From: Bwe	Read Replies (1) of 213

I have very good news to report with regard to HIPC's point & figure (p&f) chart. Friday's action allowed the stock to break the Bearish Resistance Line (BRL), a stock's primary resistance line on a p&f chart. The buy signal given at $2 1/2 was the stock's first since 8/96 at $4 1/4. This is very significant. The chart is suggesting that HIPC's long term downtrend has met it's end. $2.75 would clear the August '98 highs and would be even more bullish. This pattern that HIPC just moved into with the buy signal is called a Bearish Signaled Reversal, an importantly bullish p&f chart pattern. I can finally say the stock looks good right now. Best of luck to all! Bruce

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next