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Strategies & Market Trends : Candlestick Charting--The unknown indicator

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To: HeyRainier who wrote ()3/24/2000 11:05:00 PM
From: Grandk  Read Replies (1) of 1589
 
Rainier or another able mind, could you give a glance at HLIT over the weekend. Technicals such as stochastics, williams, and RSI all point to oversold conditions. MACD is at a year low I believe. OBV is still strong even with the recent sell off. There was a hammer on Tuesday, followed by a window that somewhat resembles a shooting star. It looks like HLIT is struggling short term with it's 50 EMA, while the 100 EMA is support. I stay bullish due to OBV being so strong. Looks like an accumulation phase. Here's the chart for any interested. Any thoughts on this would be greatly appreciated.
askresearch.com
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