The 200 day moving average at $1.20 is a reasonable starting point to suggest a change in trend and we are well south of that simple indicator. LOG bear trendline resistance is also at $1.20, so that is the monster area before the $1.30 reaction high. So a break of $1.20/30 (also the $1.25 options) is needed before bears no longer have full control. Close below 86 and 50/60 is totally on the cards, I am keeping powder dry for any further leg lower, which unfortunately still remains entirely possible while $1.20/30 caps, IMVHO
HCH Chart, page-595
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Last
83.0¢ |
Change
-0.020(2.35%) |
Mkt cap ! $125.6M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 86.0¢ | 82.5¢ | $78.99K | 95.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 3451 | 1 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| HCH (ASX) Chart |