Well I am happy enough, (particularly as 6.4-6.5c was identified correctly by Chilli as a support/resistance threshold days ago), to see the sp advance out of the doldrums which were arguably because of that messy merger as much as anything. Did it sky-rocket into the 7s in a single session or 2? No.
However as new investors and some of our recently merged POS comrades alike 'take a profit', we will eventually gather a unified block of HRZ supporters prepared to ride the support/resistance channels and beyond. We are human after all and this is very much an emerging company. Note this a chart thread and charts are largely the history of sentiment triggered by people.
Significantly, noted elsewhere, as the company progresses it is likely to attract larger entities such as Superfunds and other institutions and consequently these present volatile/erratic trades will diminish.
At 6.2c it is strong buy from me and by my reading of the charted sentiment over the last 12 months or so, the strong possibility that we will see 7.4c again at least in the days ahead. After that it could be blue-sky stuff as the fundamentals are only going to reinforce the recorded buying of Aust Gold by the US and the likely push of the POG in the foreseeable future, imvho.
Just my view, esp.
HRZ Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
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