HOKU Scientific Inc. (NASADAQ: HOKU) TheSUBWAY’s Pick of the Day

This morning we are getting back into HOKU.  We feel the chart could be ready for a move higher this morning:

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It was right at support this morning at $5.50 and is above the 50 Day Moving Average currently:

There is still institutional buying coming into HOKU as seen on our PHILS X2:

HOKU is also above support and is right at the next resistance level as seen in our PHILS X1:

The Stochastics are in a good position to signal a move higher in HOKU:

Our Daily Chart is looking very interesting so far this morning:

Our 15 Minute Chart is not showing momentum yet:

However our Weekly Chart is showing an uptrend in HOKU so we are anticipating a continued move higher in HOKU:

Finally we are going to put our stop in just under the support of $5.50 and will move it up all day to protect any profits in HOKU.

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.

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