has been falling since July 2nd. On August 4th and 7th HK's RSI
rose above oversold, but the trend failed to move. The RSI
has risen again, the first double test of RSI
in a long time for this stock. This time, along with the RSI
, a green candle formed just about as large as the red one right before. The trading range for both days were about the same, however the volume
on the up day was slightly more. This candle traded below the $4.20 level, and closed right on it. $4.20 represents both a huge support line from years prior, and the final retracement level from the last uptrend. HK
should hold here at $4.20, otherwise it might travel to the 52 week low at $3.15 before the downtrend is exhausted.