Nice looking cup & handle has formed on the daily chart.Time for HGT to move higher next week?
What cup and handle? Downward one?
Can't see it, huh? Here, take a look:http://flic.kr/p/cd5GCJThis is a mini cup & handle, because it only covers a few days, so its strength in predicting a rise isn't as high as it would be for one that had formed over weeks or months.Still, the cupping pattern followed by the small pullback could indicate that a short term bottom is in.We'll find out this week.