This morning we are looking for HOKU to move higher.
http://stock-promoter.thesubway.com/thesubway-clients/hoku-is...
Our DAILY chart is looking very good and we anticipate a continued move higher:
Our 15 MINUTE chart also adds to our conviction:
The STOCHASTICS are in excellent position, with the red - %K having crossed the white line %D:
Our WEEKLY chart is showing the trend is higher, carrying momentum from the 15 MINUTE chart
We do not see institutional buying yet, so we are looking for HOKU to be a short term trade, with a stop under Friday's low of around $5.43. HOKU is right at resistance of $5.72 so with any volume coming into HOKU it should be able to push through it's resistance even if only for a short time. If HOKU does push through resistance we will move our stop tighter and look to get out with our adjusted stop just under the resistance level $5.72
$5.7 (08/25/08)
