"To break the downtrend HIL needs to break thru 27 next week with volume, a break of 22/ 21.5 will signal further downside."
Large volumes were lined up at 22-24 and recently selling has seen much of the line buying wiped out.
Buying Depth is now thinning out with sellers appearing to be taking further control.
The break is getting closer, will it break 21.5 which will offer further downside, or will buying come, push it above 27 to save the day and change the trend??
Soon it will break......
Cheers
HIL Price at posting:
22.0¢ Sentiment: None Disclosure: Not Held
