HMI

HMI - 7th Oct 2016

HMI had a very nice breaking out of 52 cents on 9th Sept 2016 and closed well at 53 cents. Couple with high volume, this is rather bullish.

A second breakout out has occurred at 60.5 cents on 6th Oct 2016 and closed well at 62 cents.
This is generally very positive. A beautiful Uptrend mode has been witnessed on the current price patterns/ chart.

Also both Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.

Short term wise, I think it may likely move up to re-test the recent high of 63 cents.Crossing over of 63 cents with ease, this may likely take the price higher towards 65 cents then 70 cents with extension to 80 cents and above.
( trade base on your own decision)