After a bad few days HVN appears to have bounced off a couple of Fibonacci levels. Taken from the low in June to the high in Oct the 50% level (red line) is at yesterday's close of 3.81. Taken from the lows in August to the high in Oct the 61.8% level (blue line) is at yesterdays low of 3.77.
The stochastics have turned up and so far today's candle is one white soldier.
We took a position this morning based on all the above. The plan is to pyramid in if the bounce is confirmed tomorrow.
fibonacci bounce - chart
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Last
$4.55 |
Change
-0.080(1.73%) |
Mkt cap ! $5.669B | |||
| Open | High | Low | Value | Volume |
| $4.58 | $4.62 | $4.55 | $5.048M | 1.105M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9176 | $4.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.57 | 2356 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| HVN (ASX) Chart |