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.
Looking at say a monthly HRZ chart over some time it seems that...
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Last
4.6¢ |
Change
-0.002(3.19%) |
Mkt cap ! $132.8M | |||
| Open | High | Low | Value | Volume |
| 4.6¢ | 4.7¢ | 4.5¢ | $116.5K | 2.540M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 2719558 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.6¢ | 299976 | 5 |
View Market Depth
| Last trade - 11.43am 31/07/2025 (20 minute delay) ? |
| HRZ (ASX) Chart |