Technically still in a down trend even on the monthly and weekly.
The downside risk Imho would be if there is a break of 17cents which has so far proven to be bottom of the support level.
Understand the directors interests have changed, but they haven't put their hands far enough in to their pockets to offer any clear confidence.
Keep in mind the buy back at $2 and director interests at much higher prices.
On the daily chart (which reacts quicker than the weekly and monthly) the downward trend line has been broken, however it has only broken sideways and not to the upside.
Due to the break of the descending trend line this is now a closer watch but still hasn't hit the buy zone as yet.
RSI has been trading at low levels for some time and is not a reliable indicator on its own.
The stoch and Macd are still in negative territory also.
Interesting to see if some volume comes in to the stock soon!
J, You will be able to view from your charts that the short term trend line has been breached.
Time for a closer watch!
HIL Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held
