HCH 3.76% 96.5¢ hot chili limited

Ann: Hot Chili Arranges $29.9 Million Funding, page-72

  1. 216 Posts.
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    Down 17% on day one. This will rinse for months now at lower prices when it was certainly heading higher.

    https://hotcopper.com.au/data/attachments/6150/6150739-99b4d05539ef52b7bb4d84f700a4c43f.jpg

    Perfect Wyckoff accumulation zone blown to pieces by a silly priced cap raise its now also plummeted down to on open. Impatient cap raise flippers are going to flip as copper heads higher and the SP of HCH was almost certainly headed for $1.30-$1.60 range with its momentum.

    Attached is my chart from a few weeks ago showing the accumulation forces in play. Which is exactly what the SP was doing (yellow highlight) pre-raise with a $1.40 immediate target.

    Shame for this stock it had so much going for it and still does eventually, hopefully. All the best the long termers you'll have your day I don't have the patience with this projects management and timing anymore.

    At least at $1.00 range it is a "buy" again above the "creek" so it's called the 2 horizontal lines being the creek channel.

 
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Last
96.5¢
Change
0.035(3.76%)
Mkt cap ! $146.0M
Open High Low Value Volume
93.5¢ $1.00 93.0¢ $209.5K 217.9K

Buyers (Bids)

No. Vol. Price($)
1 110 95.0¢
 

Sellers (Offers)

Price($) Vol. No.
96.5¢ 4999 1
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Last trade - 16.10pm 01/07/2024 (20 minute delay) ?
HCH (ASX) Chart
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