HMX has broken out with impressive volume and its major resistance has become support. On a disastrous day, the share price returned to test support at 6.6c. Buyers came in and bought. During the retrace volume decrease which is an indication supply side is drying out.
It certainly looks like something is in the pipeline for the sudden increase in buying in the last few days as shown in the chart. The retrace is an opportunity to buy in or for holders to top up.
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