sothye

HOHUP - what’s next breakout cup and handle pattern?

Long
MYX:HOHUP   HO HUP CONSTRUCTION COMPANY
After breakout from cup and handle pattern, it will be testing immediate resistance 0.525. It will probably gap up in next few candle and consolidate in a flag towards neckline 0.480. Good entry is to wait for pullback around neckline area (confirmed by reversal candle).

MACD+RSI+MCDX still showing good momentum for continued breakout tomorrow, but we will let market to decide that.

Resistance 0.525, 0.555, 0.600
Support 0.480, 0.455

Speed: Fast with 156M shares float (38% of 412M shares)
Sentimen: Economic recovery, window dressing

TAYOR

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