Hyper Dynamics (HDY): Further Bullish Breakout Confirmation.

Mechanical trading system indicators blew up today...they show further upcoming bullish trend confirmation signals after the last two medium volume volatile trading days.

In the chart above we can see three things.

• The mechanical Parabolic SAR has recently turned bullish showing a upwards trend to be beginning in process.
• The +DI line of the Directional Movement Indicator is above the -DI line right when he Parabolic SAR is suggesting a new upward trend. 
• Candle Stick's are settling at resistance points instead of breaching support points on daily charting.

When Parabolic's change direction to bullish..with a confirming Direction Movement Positive line above the Directional Movement Negative line..this almost invariably is a ironclad confirmation of a bullish breakout since possible whipsaws from the Parabolic SAR  can be ignored. Coupled with the incredibly contracted BB bands its blatantly apparent we will see a breakout any day now...most likely Monday, Tuesday or Wednesday..but probably Tuesday.

All in all, the Bullish falling wedge continuation pattern is still in effect. To be quite frank, i have not seen so many indicator's and pattern's align themselves together to basically say long this security right now...i mean this is like the planetary alignment of Technical Analyisis Indicators...its amusing...

Regardless its apprarent short sellers and market makers are holding this stock down so they can have more time to sell to cover..or accumlate more shares at a discounted price over a duration of time to avoid loosing potential spread points of massive bullish buying energy...

All in all, the time to buy is now...the breakout will most likely be fierce and fast...im expecting the move to occur next week..but never underestimate the continuation of a battle between Bull's and Bear's it can last and long time.


Position: Ultra Long