Couldn't find an exiting chart thread, not a recent one anyway.
I think it is important to take a good look at what is happening at HCD atm and the transformation it is going through.
So let's start with the daily chart - today was a solid volume day with an epic close of 0.036 drawing a beautiful big green bullish engulfing candle. Also note today's close is significant as it is well above the heavy volume at 0.031/32 (see horizontal volume profile on left of chart).
On a weekly level - a thing of beauty. Two solid volume weeks with decent churn and high close on each one. MACD opening up to greener pastures
To put the volume of the last few weeks into perspective, take a look at the monthly chart below. Epic buying there and the highest for this company on a 10 year timeline, prob beyond.
Keep in mind that the volume bar for May is for one week only. An almost as big as April. So lots in the tank on this one imo
as to some mid term targets assuming momentum continues, the obvious ones are marked up below in yellow
So looking at all of the above, the heavy volume and solid green candles of the last few weeks indicate a healthy interest into this company which now seems to be preparing for a bit of an explosive move imo. Without getting into company fundamentals on this thread, it is evident just by looking at the charts that the company is going through some sort of a major fundamental breakthrough point.
All of this of course is as at the time of writing as dated on this post - anything could change overnight / tomorrow as this is the shallow end of the market after all. Also all my opinion, interpretation etc.
Would welcome the views and perspectives of other chartists on this thread on their views of the recent trading on HCD
