HRR heron resources limited
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Low risk buy, break out soon?

  1. ineptrader
    672 Posts.
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    12/04/16
    14:45
    Post #: 17483220
    First post, first of many hopefully

    Down trend slowing down with strong volume, sellers are weak, buyers coming in to create the largest volume node/area in the last 10 years. Good possibility of support here.

    Chart pattern traders could call it an inverse Head and Shoulders pattern (not so obvious, but bullish), with a Cup and Handle (see daily chart, bullish) currently forming as part of the 2nd shoulder.

    Any thoughts?

    1 year/Weekly chart below:


    HRR.JPG
    HRR Price at posting: 9.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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