Tuesday, July 29, 2008

HYGS - update

A reader asked for an update on HYGS. It was highlighted on July 1st at $0.90 and ran up over $2.00 from there. As these charts show, it is in a consolidation pattern that appears to be near completion. The Daily chart shows an imminient break, either up or down. The Weekly chart traces the recent action between Fibonacci levels.

DAILY


WEEKLY

My personal entry was $0.70 on HYGS, giving me a 200% gain above $2.10. I was stopped out when the stock fell below $1.50 for a net 100% gain. I am looking to re-enter as soon as this no-mans-land consolidation is over.

1 comment:

met61 said...

Allan,would a break abvoe 1.5 get you back in?
Thanks,Ron