Bottom fishing is hard to determine Cornwall, but the analysis of the graphs suggests with higher probability that it has.
By looking at different methods and confluence of indicators that demonstrate a similar theme, then risk is reduced. We all like to buy low and sell high and get on the coat tails of those with more market power.
The appetite for risk varies with people. Some like to enter after a 20% rise and use stops. Position traders on the other hand like to mop up in stage 1 of a money flow represented by Weinstein analysis.
The Elliot wave time frames are indicated on the chart, but it depends as we all know on when brokers decide to mark up an undervalued stock following market tests.
HMX Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
