HCH Chart, page-512

First 512 Last

Share
Profile

Follow
gc2016

5,315 Posts.

358

21/09/22

18:27

Post #: 63822434
Share

Originally posted by GmundStables: ↑

Some of you might not like my comments, but we needed a pull back, the race up to 1.30 was a bit to strong on minimal news (and broke the BBs). IMO.
So I charted the pull back and today it got hit, so I am happy with that. The chart has become more predictable of late, less manipulation maybe?
So we had a gap up at 1.08 on 9/9, pull back today to 1.08, which given the market today is pretty good. Also worth mentioning is the volume as it was low, so no real conviction to the selling, where as the buying last week etc had really good volumes (for HCH anyway).
RSI is conflicting as the is more downside room, and the BB middle is within reach at next support.
Where to from here? Hard to say with the US markets and copper price being the two leading indicators at the moment. We now need an Ann to travel back higher and break the 1.29 resistance. If it breaks lower then to old resistance at 985 will become the floor, I actually prefer the solid candles at 97.
But this could all be S*** in the next couple of trading sessions.
PS, I think the Fed will go 100 full points as they don't meet for 2 months, then pull back to 50 basis points in Nov....we'll see ay?? Which maybe priced in now.
AIMO, DYOR etc

Expand

And factor in nuclear annihilation as well, markets don't like that kind of stuff....

HCH Price at posting: $1.08 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

SNG

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program