Technical Summary: Despite some periods of volatility the long term chart of HBL is in an uptrend. The stock has recently gone through one of those periods of volatility and pulled back from a high of around $2.15 per share to a low of about $1.70. It appears that the low may have been put in now as the stock as found higher support. The 1 year chart is a little bit more difficult to intrepret. With the stock trading at the same place it was one year ago it could be argued that we are in a long consolidation period. I think this is a matter of intrepetation. Some investors may look at this and see it as a buying opportunity on the assumption of an resumption of the uptrend – that is the buy the dip mentality. Others could be turned off the stock due to the potential for a long consolidation period.