HANA : Watch for vols to pick up and the price to move to 27
July 26, 2011 Leave a comment
HANA has decent support from around 23.40 to nearer 24, and with a current price at 24.60, if 24.30 holds over the VST, it looks to us as if it will rally to about 26 very soon. Indeed a move to 27 or so is entirely possible, just a day of much increased volume and it could fly. Some day soon we guess.
On a longer term basis what is needed is for a weekly close or two above 28 to confirm its next target at around 31.