Saturday, June 16, 2007

HALO Analysis for 06.17.2006

Monthly chart shows strong upside momentum as evidenced by the 8ema.

Weekly chart shows current support levels at $10.25 area and $9.75 area.

The daily chart shows renewed buying on Friday. Bears tried to take it down early after the OP, but were overcome by the bulls. We also had an AB=CD pattern and corrective characteristics to indicate a bullish flag pattern. Look for price to trade higher this coming week.

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