Possible breakout coming?
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There's a possible downtrend breakout and 123-low coming in HOIL. I will be looking for the daily RSI to break it's trendline on a closing basis BEFORE price prices through its downtrend resistance.
Even if that happens I'll be cautious until 161p gets taken out on a closing basis as that's another key resistance. If it can get past that then we'll have a trendline break and a 123-low breakout which could bode well for higher prices.
One to watch for sure.
Even if that happens I'll be cautious until 161p gets taken out on a closing basis as that's another key resistance. If it can get past that then we'll have a trendline break and a 123-low breakout which could bode well for higher prices.
One to watch for sure.
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