HMPRO : Should retest the recent breakout point – 8.90-8.95
July 31, 2011 Leave a comment
After last Thursday’s impressive breakout move HMPRO should be able to rally to 10 or so in coming weeks. However, early this week a brief dip bak to 8.9 or so looks possible, but is unlikely to go below its second support from 8.7 to 8.8
Treat a pullback as an opportunity to buy in if not already long. We feel there is a very high chance of the stock hitting 10.00-10.20 in the not too distant future.