HAW 8.57% 6.4¢ hawthorn resources limited

gaps, volume & resistance

  1. 6,029 Posts.
    Should be a nice open

    Supply resistance created 5.8 at 1.5 should be broken on open

    Gap to 1.6 should be jumped also

    We do have strong supply resistance at 1.7 and technical resistance at 1.9. I do note however that LCY is looking to finally bust thru the 17c barrier it has been banging it head against for some time( Just needing some more volume to support)

    If we can bust our resistance next stop is 2.1 ( Dont think there is enough confidence in the market for this yet, but you never know )

    For me its a break to 1.7, with a possible retrace to 1.5 before a further bounce to 1.7/9 depneding on the strength of LCY
 
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