Wanted to look at a bigger picture and using P&F to take out noise to confirms my earlier chart direction on a larger scale. HMX seems to be a little different to regular trading patterns, and I think it is because the stock is so well held. My thinking is that this stock has had its stops pressed on many occasions to shake free stock for accumulation given the expected sector growth and HMX's potential within several sectors i.e copper, rare earth and precious metals. The stock is nearing the end of meandering of a bank control line with pushdowns and upthrusts that have the hallmarks of professional activity. Results will IMO create an new upward trend.
HMX Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
