The supply chain for nano-silicone material is gaining friction with the funding coming from the Canadian govt. and major stakeholders. Looking out for a great bullish run into the 1.25 area before selling my position. Any other fundamental factors regarding the production and delivery of products will be essential in driving price forward.
So HPQ has been fishing for demand as seen in its downward trend formation. There is some good reversal potential as bulls meet their appropriate retracements (23.6, 38.2%)
TSXV:HPQ
patiently waiting for a price correction that appears to be in the works.
i have high hopes for this company, but like all of my charts, i keep it simple to what my indicators show.
HPQ path potentials
Highlights* With the confirmation in place with a close above 76c I would really like to see a continuation candle to bolster support for the bulls.
1.) Blue Path would most likely need a catalyst (NR) to acheive (20%)
2.) Green Path the current most likely path with no fundamental change in business (60%)
3.) Red Path the least likely path...
Seems pretty obvious the massive volume on the 1st of december was in part thanks to shorts heading for the hills, In theory the shorts may have decided to attack a weakness when no NR was released today, and yesterday. The fact the 50 fib level has held up with a bottom wick as support is extremely bullish in my eyes. GLTA involved! TSXV:HPQ
Once we get into the top channel, shave off part of your holding. Make sure the market doesnt kick you in the balls.Take some off and let the market pay for the rest of your shares.
Then move half to my paypal.
