trading has absolutely nothing to do with a good or bad company - that view is always subjective. I follow the trendlines so take note of short-term trend breaks - up or down. Like it is travelling to fast atm so will soon have a retrace - I am hoping for a high poin exit just prior.
I trade on trendlines. HIO broke the downtrend (it had still not recovered fully over a six month timeframe) at 3.7 so it was a break in the downtrend trade mid sept.
Why would I not bag this company, management is a total shocker - no idea what they are doing like so many holders here - hold and hope. Lots of others recently bought sub 4c, so not alone there. It is likely to bump around back to 15c so should be a few trades before it settles. if there is a significant and meaningful announcement we will re-assess things.
HIO Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
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