HIO 4.35% 2.4¢ hawsons iron ltd

Price and Chart HIO, page-669

  1. 201 Posts.
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    https://hotcopper.com.au/data/attachments/4117/4117815-196f6fa60c0b6089d0c4adbaacd5397d.jpg

    FWIW I consider there is a very important area of support/resistance developing around the 16.5 cent area which will need to be watched.

    The volume behaviour suggests the risks are still to the upside , but if 15 is breached (with good VOLUME) then its look out below.
    IMO it wont happen but it would be wise to have a plan B.....ask me how I know....
    If this holds over the next few days , then I think we're on the way up strongly from here.
    The buy/sell relationship is still strongly on the buy side ( most sellers are a tiny cohort of small time "traders" I think) and the down days are pretty anemic in terms of action or volume , so I'm still happy with our big position and holding.
    Nothing about the HIO story has changed

    All IMHO DYOR GLTAH etc etc
 
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