We are getting back into Hoku Scientific, Inc. (NASDAQ: HOKU):
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We are going to step back into the stock because it is right at support as seen on our PHILS X1 chart. We anticipate Hoku Scientific, Inc. (NASDAQ: HOKU) to move higher from it's current price of $5.54 and feel it will trade in its current range until a catalyst (News or technically) breaks HOKU out of this range. The lower end is the suppirt of $5.51 and the higher end is $6.51. We are going to step into HOKU here at the lower end of this range and begin to step out as it begins to reach the higher end of its range. If Hoku Scientific, Inc. (NASDAQ: HOKU) technically shows signs of a breakout of this range we will get back in on the long side, watching volume closely. We will go short if Hoku Scientific, Inc. (NASDAQ: HOKU) breaks lower:
Our Daily chart is showing a turn upwards moving off support:
Our 15 Minute chart is showing recent downward momentum, but a move higher right off the $5.51 support area:
Our Weekly chart is showing an upward trend however in Hoku Scientific, Inc. (NASDAQ: HOKU) and we are using this in combination with the support as our basis for stepping into Hoku Scientific, Inc. (NASDAQ: HOKU) again:
Finally our PHILS X2 chart is brown, meaning institutions are not currently buying Hoku Scientific, Inc. (NASDAQ: HOKU). We anticipate the institutions buying Hoku Scientific, Inc. (NASDAQ: HOKU) again as HOKU shows support and starts to move higher. We are putting our stop in right under support, somewhere around $5.35:
TheSubway.com acknowledges and thanks the principles of www.philsgang.com site for their permission in allowing us the use and demonstration of the their Phil’s X-1 and Phil’s X-2 charting software.
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All material herein was prepared by CRG Partners, Inc. (CRGP) based upon information believed to be reliable. The information contained herein is not guaranteed by CRGP to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRGP is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.thesubway.com or mentioned herein. CRGP may have been compensated by third party shareholders with shares or with cash from the company on behalf of one or more of the companies mentioned in this opinion. CRGP's Licensors, affiliates, officers, directors and employees may own shares and intend to buy and sell additional shares of the company mentioned herein and may profit in the event those shares rise in value.
$5.5899 (09/10/08)
