HAPI Bottomed?
HAPI/USD (Weekly)
– Seem to have found Support at approx. the $15-16 area and range-bound for a while.
– MACD /Signal and Histogram reversing
– Volume increasing over the last 3 weeks
– RSI low reversing
– Looks to be closing above the 50MA on the daily
– Resistance levels marked out by the fib extension (String Resistance will be at $50 and approx $72 area. If we can break above with strength, we should be forming a new high.
– Strong Resistance at the $50 level shown by the Volume Profile

