31st Aug 2011–Pattern Study - HiSoFT might not be soft anymore.

Ticker:

 

1. HSFT

 

Topic:

 

1. A yearly double bottom

 

Lesson Learnt:

 

1. Wait for the price to come back for a safer entry.
2. Daily chart shows that MACD is coming up from the central line. Excellent!
3. A very interesting yearly double bottom formation at the weekly chart.
4. Entry and exit point can be set easily for this stock.

 

Intraday Chart

Historical Chart