Quick HydroGraph Technical Update

Likely to hold the 11 month support level and hit US$10 by year end

A friend of mine who knows the HydroGraph story very well and is much more adept than in when it comes to technical analysis said this: “HydroGraph is likely going to hold the 11 month support level, rally by October to the old high at $8.37 USD ($11 CAD) and then finish the year near or over $10 USD, so purchases at the 11 month support level should be well rewarded.”

You can listen to the technical analyst who is reporting for Stocks By the Numbers HERE. The analyst maintains as my friend does that the 11th month support level is likely to hold. But with an open mind he does hold open the possibility of a larger decline as well which would could take the stock down to the lowest supportlevel (blue line). If so, that would provide an even greater buying opportunity.

The person doing this commentary obviously has kept up with the HydroGraph story and claims to have initially started covering it when it was at ~ US$0.11.

Of course you all know that I, with between 70% and 80% of my retirement portfolio in HGRAF am not an unbiased observer.

Best wishes,

Jay Taylor