Tuesday, November 24, 2009
HESG - Spinning Top Could Be Confirming Reversal
Today's price action for HESG might very well reveal a new trend change. The Guru is not much of a technical analyst as far as charting is concerned. But a very recognizable candle was painted today on the chart - a spinning top. Usually this is a neutral position representing a tug of war between the bulls and the bears, but when faced with either a large gain or a large decline a spinning top will dictate a possible trend change.
Let's see what tomorrow brings. I feel like a run from here into the weekend would send HESG orbital.
Let's see what tomorrow brings. I feel like a run from here into the weekend would send HESG orbital.
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3 comments:
I Agree!!
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REVERSAL INDEED! This is the one to hold on to... should test it's previous highs in next 2 weeks
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