Charts are not working because Regal is selling at will, but yes I've made some good money buying into Regal de -risking
Regal began selling a basket of stocks from 1 May 2023; Regal is destroying stocks like BFC, HIO, E33, COD , HIO has been particularly singled out. So that is probably the opportunity, the HIO selling is not company specific, but just part of a general de-risking of their portfolio in May.
I'm focusing on stocks that have been crushed, but fit into the green story . HIO fits thats story well in my view, but it all depends on when Regals de-risking ends and at what price it ends, a huge volume spike would also be a buy catalyst
HIO Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
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