In my past trading days with small and micro-cap stocks—and especially with junior miners and explorers, for whatever reason, I’ve found that they often react strongly at Gann levels of retracement –especially 50% , 62% (Fibonaccci) –but really, really often –at 75% and 100%.
Looking at the last 3 weeks of activity-
Lo 42c 10/5/22
Hi 72c 16/5/22
Range = 30c
%Retracement Amount Price
25% (x 30c range) 7.5c 64.5c
50% 15.0c 57c
75% 22.5c 49.5c
100% 30c 42c
125% 37.5c 34.5c
Lows
25/5 50c
1/6 49c
2/6 50c
3/6 51c
7/6 51c
8/6 52c
9/6 48c
10/6 49c
75% was holding up well until the long weekend--but global markets are looking very sad while we had Monday off..
The current climate of increasing fear in world markets could trigger a heavy fall in all markets taking Oz with it, today will be a red day for sure, and some HIO holders could well be forced or scared into selling "at market"--playing right into the hands of the big players.
Should it get that low, a good reaction from the 100% retracement at 42c/43c area would be a fantastic buying opportunity imho. Double bottoms in small stocks are often very profitable (said with my past life traders hat on there...to be clear I'm a rusted on LTH with HIO)
If I wanted to top up my already overloaded HIO LTH model dump truck, I would be happy to do so at these prices—but I think that’s called greed—lol.
Predictions are difficult especially about the future
My plan is to Keep Calm and Hold -in 12 months time this weeks prices will look very cheap.
- Forums
- ASX - By Stock
- HIO
- Price and Chart HIO
Price and Chart HIO, page-4000
-
-
- There are more pages in this discussion • 3,394 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HIO (ASX) to my watchlist
|
|||||
Last
2.3¢ |
Change
-0.001(4.17%) |
Mkt cap ! $23.37M |
Open | High | Low | Value | Volume |
2.3¢ | 2.3¢ | 2.2¢ | $4.556K | 201K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 133393 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 444886 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 133393 | 0.021 |
4 | 288490 | 0.020 |
10 | 2650522 | 0.019 |
2 | 222276 | 0.018 |
3 | 248823 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 444886 | 1 |
0.024 | 118527 | 4 |
0.025 | 202440 | 2 |
0.026 | 150000 | 1 |
0.027 | 321000 | 4 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
HIO (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online