HansMast
Long

HIPH coiling and nearing decision point

OTC:HIPH   AMERICAN PREMIUM WATER CORPORATION
Based on today's action and a deeper dive into the hourly chart, I tweaked my lines slightly, de-emphasizing the weaker upper angled resistance lines and strengthening the two horizontal lines and the angled support line. I know see this as primarily a horizontal flag action with a heavy uptrend support line also in play. Finally there is one medium-strength three-touch angled resistance line and one weak two-touch angled resistance line. The presence of the strong angled support line is what is forcing the upcoming decision and cutting down the likelihood of extended consolidation in this horizontal flag zone (though it's still possible, of course).

I do like the strong horizontal zone of volume being created here which will act as strong support if we break up (and strong resistance if we break down). Bulls expecting further catalysts and a break upward out of this zone have been frustrated and impatient in this zone, but assuming further gains, this is an incredibly valuable "save game" point that will serve bulls well later in building a sustainable, high price per share.

I also like that Accumulation remains high on the hourly (which is more accurate and precise than the dismal picture on the Daily).
Comment: Correction: *I now see this as primarily
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