Looking at say a monthly HRZ chart over some time it seems that a clear Cup and Handle has been formed.
As to how these patterns form, AI suggests 4 basic points to consider...
Formation: The "cup" forms as the price consolidates, creating a rounded bottom. The "handle" appears as a smaller, downward-sloping consolidation before the breakout.
Breakout Point: Traders often look for a breakout above the resistance level formed by the top of the handle.
Volume: A breakout accompanied by high trading volume strengthens the signal.
Time Frame: The pattern can develop over weeks or months, depending on the asset and market conditions.
Far more experienced Technical Analysts on board but this looks 'typical' to me. esp.
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 (20min delay)
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Last
4.4¢ |
Change
-0.003(6.38%) |
Mkt cap ! $127.1M | |||
| Open | High | Low | Value | Volume |
| 4.6¢ | 4.7¢ | 4.4¢ | $354.0K | 7.827M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 3392974 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 2312 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| HRZ (ASX) Chart |