I don't want to over-interpret things too much now. This below in the purple circle seems to me to be a sign that buying interest “exists” at these levels - or that someone is even accumulating. A weak but existing buy signal seems to be forming here. I have already written about the “diamond” - which seems to be looking for a decision in the next 2 months at the most.
CNB's SS has probably prompted some to get out of the story. I'm not sure, but I think it was weak hands that sold here. At these levels CNB also seems interesting to me. The parallelism in the price performance of the two SPs over the last 18 months is astonishing. Do others see something here that we don't? Is the endgame a “consolidation” after all? A merger of 2 or more companies? It is not logical that the SP of HMX and CNB have been developing practically in lockstep for the last 18 months or so.
The news pipeline at HMX is pretty.Even better would be tangible results to counter the repeated manipulation. I'll be watching the purple circle very closely in the coming days. DYOR
HMX Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
