Here is the daily chart of HUI that was posted on Monday and again in real time for subscribers amid yesterday’s continued ferocious bounce…
“#2 is the daily chart from a public post yesterday. The resistance zone was placed there for a reason and that reason comes in the form of today’s rise right into it. It’s a key make or break level (200 to 215) and regardless if Huey is going to go on its bullish way from here or not, if there is going to be turbulence, it should come from this area. I did a little selling today of some wicked bouncers.”
Okay, so now it’s grind and decision time after Huey made it to our projected resistance area. The first impulse is in the books, resistance is at hand and Huey is still in technical lock down. That’s not me saying that; it’s the chart saying that. It never was going to be as easy as all that…
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