HANA : Key resistance at 28

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.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: