HANA : Key resistance at 28
March 6, 2011 Leave a comment
HANA has huge resistance from 28 to 31, but we forecast it will break out above this range this year, with a rally to 42-44 to follow. We view the stock as a candidate for a new all time high during 2011 – above its peak of 44.40 posted back in March 2000
Consider swing trade entry if not already long from or just above 25, with a stop loss at 24.65 and targets at 28, 31, 34.50…then 42 or so….depending if you hold for weeks or months.