$PEIX and $HDY Technical Analysis

PEIX price action has been interesting lately. It appears as if the price action is pretty similar to December time. I would like to see an increase in volume tomorrow compared to today, and that would confirm to me that this move is going to do a copy cat to December.



HDY off the base was an amazing move. Direct offering to raise capital caused this thing to drop it like its hot on Monday afternoon. The 5 minute chart intraday tells me there are still buyers on this dip...that and shorts covering. If we can hold these levels marked, we should be good...especially if we can hold this ascending base trendline. Any drop below $2.00 and I would short this thing.