HCT chart, page-209

An update to the initial chart - HCT did break through the resistance level at 16 but after a week or so just couldn't hold that level as support. That leaves us with almost the same conditions as before, confirmation that HCT is in channel with a somewhat new suppport level at 14.5. Sometimes these newer levels do appear out of nowhere and the only reason I can see 14.5 acting as support is that bar back on the 13th February which signalled a turnaround from that pullback (red arrow) so it could be new holders became involved or existing ones topped up around there or even those that sold back then want back in now. Pleasing that the latest move down doesn't seem to have much momentum, these bars are low spread and volume - HCT is just drifting but holding within a trading channel. Consolidation is a good word here.