I am no technical analyst, but I would think the fact that we are sitting right around the 200-day MA will be the biggest factor, as far as technical indicators are concerned. I show the 200-day right around 6.90 right now.
The 200 DMA hasn't come into play for
well over a year. This is insignificant
at this point other than the fact that we are testing that as well as resistance at 7.15. I'm only drawing attention to this as it marks an excellent entry point for buying more shares as there are other factors to consider such as litigation against the banks. TA is not rocket science but it has definite advantages as to finding an entry point when buying and conversely when selling.
HUN bumps it's head on resistance tomorrow at 7.15+-
but it's an opportunity to scoop up some more shares
around 6.54+-. Speaking of bumps put on your seatbelt
because after these thermals were headed for 10+- in
the next couple of weeks. IMHO
Makes for some fun driving.
I'll chalk it up to R/G colorblindness, but the dirty secret is we know its because he's a college kid full of himself, big man on campus, can't wait to show off his new 'learning' in the 'real world' like he's seen on MTV where he should be entitled to a large paycheck for having a freshly minted degree certifying him as king of his universe. Hope he doesn't plan on investing anyone else's money but of immediate concern he has a trip to Cuba he needs to find a new way to pay for, which was after all, the whole purpose for investing a few Canadian dollars. Are those like Monopoly money?
I'm resisting the temptation to tell you all how useless this kind of technical analysis is with respect to event-driven situations such as HUN. Ooops, I think I just blew through resistance.