HZR Chart, page-2072

I have already summarised my fundamental analysis here: 68303036

Here is my summary of the contemporaneous technical analysis:


Simple support levels, $0.605/share, $0.555/share, and $0.47/share.


A simple trend line was established with 3x touches, eventually cracked on the 07/06/2023.


Order block at $0.548 - $0.569.

source: https://dotnettutorials.net/lesson/order-block-trading-strategy/

"Why Does the Market Return to Untested Order Block Zones?

• The smart money position will not be filled all at once because it is quite large.
• When the order block zone was created, the smart money was unable to execute all of its trades. If they enter the market quickly, the price moves with them. By doing this, they will be forced to buy higher and sell lower. By keeping order blocks on the books, they find a solution to this problem.
• The smart money leaves pending orders at the order block zones so that when the market returns to the order block zone, the trades they were unable to complete initially are executed, and the market moves back in the direction in which the order block zone was created. This allows the smart money to get their remaining trades placed.
• Due to a Pending Block order." source: https://dotnettutorials.net/lesson/order-block-trading-strategy/

The 61.8% retracement level at $0.611/share is a very important level and if broken will tell me it has broken the higher low.


The MACD shows that after almost every cross of 12ema under the 26ema the share price continued downwards for a significant amount of time.


The Supertrend indicator on trading view algorithmically calculates the current trend ending and tags it as a "sell" (not financial advice).


The algorithm by LuxAlgo on Trading View identify this previous high as a "weak high" and shows more smart money concepts/order blocks and changes of character etc.


Higher highs and lower lows are identified automatically by Trading View.