Apparently I am replying to myself, but I think the key driver of HIO is mining majors wanting to put their hands on the green steel dynamic, and specially in Australia where not enough has been done yet to do our part in the transition to zero emissions. Maybe we will need a change of govt before critical minerals supply and climate change is taken seriously here.
An important week technically. HIO appears to have made a base , but every level from 2.4 to 3.0 is some kind of resistance. A 2 day close above 3.0 will drag out the technical buying
HIO Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
