No No No Turmeric......there is no strong support at 70....There is strong reistance at 70.
HNZ uptrend has paused. This is quite common after a rapid uptrend ..the stock is taking a breather due to exhaustion....the short termers are profit taking together with a decrease of buyer demand .....
HNZ has tested the 70 c resistance and has so far failed...this is seen as bearish...however for the optimists... just recently I think there has been some positive TA signals (people with Metastock with EOD data feed may confirm this)...if so then that 70c resistance could be under threat and a likelihood of HNZ breaking through that 70c barrier....this would be seen as bullish and a rapid resumption of the uptrend will occur.
Lack of Yahoo data for HNZ makes Incredible Charts useless so this simple chart below has to suffice.
http://i458.photobucket.com/albums/q...nz26112012.gif