Hoku Scientific, Inc. (NASDAQ: HOKU) Stock Traders Alert

This morning we are have gotten back into Hoku Scientific, Inc. (NASDAQ: HOKU).  It is up today in a bad tape.  We feel it would be up significantly higher in better market conditions and which HOKU will be in the coming weeks:

Our Daily chart for Hoku Scientific, Inc. (NASDAQ: HOKU) is showing HOKU to holding steady at $5.45 and we anticipate it to move higher again in the near term:

Our 15 Minute chart is showing Hoku Scientific, Inc. (NASDAQ: HOKU) to be fairly flat for the past week, but as AIG sorts things out and the SEC’s new naked short selling rules take effect tomorrow we think the market could rally with HOKU continuing it’s move higher:

Our Weekly chart is showing an overall trend higher for Hoku Scientific, Inc. (NASDAQ: HOKU) and this is one strong reason we are looking for Hoku Scientific, Inc. (NASDAQ: HOKU) to continue moving higher.  The last time the white line crossed the red, it was an excellent buying opportunity and we anticipate this current chart to be signaling another excellent buying opportunity:

Out PHILS X1 is showing support to be at $5.20 with the next resistance at $6.43, which is a lot of upside with minimal downside risk:

Our PHILS X2 chart is not showing institutional buying in Hoku Scientific, Inc. (NASDAQ: HOKU), but with the current support in Hoku Scientific, Inc. (NASDAQ: HOKU) we are looking for a significant move higher in the next month and for PHILS X2 to turn back to blue:

We are putting a stop just under support somewhere at $5.20.  We will add a trailing stop to Hoku Scientific, Inc. (NASDAQ: HOKU) to protect our profits once we get the move higher we are anticipating. 

TheSubway.com acknowledges and thanks the principles of www.philsgang.com site for their permission in allowing us the use and demonstration of the their Phil’s X-1 and Phil’s X-2 charting software.

Full disclosure: Long at time of writing   -   Disclosure of Conflicts of Interest

All material herein was prepared by CRG Partners, Inc. (CRGP) based upon information believed to be reliable. The information contained herein is not guaranteed by CRGP to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRGP is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.thesubway.com or mentioned herein. CRGP may have been compensated by third party shareholders with shares or with cash from the company on behalf of one or more of the companies mentioned in this opinion. CRGP’s Licensors, affiliates, officers, directors and employees may own shares and intend to buy and sell additional shares of the company mentioned herein and may profit in the event those shares rise in value.