Friday, June 23, 2017

Chart[51] - HPH USD

The counter saw strong buying volume on early June. Price ran from 0.41 to 0.45. Failing to break through further, it has been retreating to origin 0.41. Considering range bouncing characteristics of Trust counters as well as recent bullishness among REITs, the counter could have formed new channel of movement between 0.41 to 0.45, which translates to 10% range. Trader could trade in the range while waiting next surge in buying volume.

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