HOR (copper company)is one to watch with only a 12 million market cap. Currently 22c. 52 week high of 82c
Best results from 1 of its projects are:
RC 1025 16m @ 4.8% Cu (161m) including 3m @ 11.8% Cu RC 1014 14m @ 3.7% Cu (128m) including 3m @ 9.8% Cu RC 1019 14m @ 3.7% Cu (10m) including 9m @ 5.5% Cu RC 1028 12m @ 2.3% Cu (184m) including 4m @ 4.7% Cu RC 1008 15m @ 2.2% Cu (113m) including 3m @ 4.4% Cu RC 1005 14m @ 2.2% Cu (95m) including 1m @ 12.3% Cu
First drilling results from its 2nd project will come out in September/October.
HOR has been on an uptrend since the 13.5c all time low few weeks ago. It is now above the 21 and 50 day moving average. It also hit the 120 and 200 day moving average in its recent up move to 30.5c. This is a minor resistance level which also happens to be the 23.6% fibonacci. The move from 13.5 - 30.5c is the 1st wave in an elliot wave.
The 2nd wave which is a corrective wave has started pulling back. This will probably hit the 61.8% fib of the 1st wave which is normal. This level happens to be around 20c which is a major support level for HOR.
The 3rd and probably biggest wave up will then begin once correction is complete.
Weekly chart has had 5 green weeks in a row. Parabolic SAR has also started moving up this week. MACD, RSI and Stoch are all crossing to the upside now for first time since HOR reached 80c.
