HYD 0.00% 1.4¢ hydrix limited

Homebrew- I am freting, page-11

  1. 4,503 Posts.
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    One day into the week & the chart is looking interesting.
    The sp has failed at the base of the range box & now has the potential to drop a bit lower to the previous price range low of $0.097. If that eventuates then that will fill the gap at $0.097 - 098 which formed on the 5 - 6 May.
    Yesterdays volume shows in my model as neither buying nor selling so is churning which I presume would be from the mm doing his thing before the eofy.
    Up until yesterday all the previous volume from the 3 June until yesterday (3,542,762) was imo buying at the average price of $0.118. Yesterdays volume average price was $0.108.

    Yesterday was I believe a high volume test of supply & if my model is anyway accurate then they may have collected a few but today we will see the result of yesterdays action. I would expect a low volume day today.
    Maybe that gap will fill maybe it wont but there is absolutely no reason to sell atm.

    The sp is now sitting on the lower Red fork MLH and the ML of the green fork.
    This area formed by the base of box 8 & the red & green lines should be support & I would expect to see the sp follow the rising red MLH line give or take a pip or two.
    Looking at yesterdays candle the low yesterday may be the low for this move. And I believe that the "breakout" of the long term down trend is still in tact but that flag is definitely broke.


    PSY June sell off.jpg
 
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Last
1.4¢
Change
0.000(0.00%)
Mkt cap ! $3.559M
Open High Low Value Volume
1.4¢ 1.4¢ 1.4¢ $348 24.88K

Buyers (Bids)

No. Vol. Price($)
1 224594 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 250000 2
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Last trade - 13.11pm 28/06/2024 (20 minute delay) ?
HYD (ASX) Chart
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