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Tuesday, 25 June 2013

VHGI on 10Q and breakout watch this week

VHGI is in major bullish mode here as far as we see it! The daily started here in April with the BIG Rounding Bottom Breakout at .048 and from there saw a high of .135 in the month before the bullish flag consolidation that we see happening now and are in anticipation of getting the breakout this week  at .09, first resistance .135
 
We love the way VHGI is setting up here! So many bullish indications and formations it is awesome!!!
 
Daily Bullish Movement
1st - Rounding bottom
2nd - Rounding bottom breakout
3rd - Explosion over the 200ma
4th - Bullish Pennant
5th - Bullish Pennant Breakout Apr. 29
6th - Bullish Flag testing and holding the .048 breakout and 200ma support
 
After all that we look at the Hourly chart for a more detailed look at what is happening short term and what we see is a bullish continuation as well in the Cup and Handle which broke out Friday on big volume.
 
We are also looking for the 10Q to be released this week bringing VHGI current on otcmarkets - http://www.otcmarkets.com/stock/VHGI/filings
 
The rush of volume end of day Friday was no doubt people not wanting to be left here holding no shares!!!
 
As always trade your own risk, watch supports and resistances. Control your trade ;-)
 
Daily
 
 
Hourly