HNR general discussion, page-385

That's a tough call at the moment.

The 2 to 2.5 cent zone should serve as support, this was an area of previous resistance for sometime.

Future support (November) on the Kumo is around 3 cents. The Kijun Sen confirms more support at 2.6 cents. Resistance will be around the Tenkan Sen at 3.5 cents. The SP could swing as the FA firm up, that would be the conditions of the jv MOU have been satisfied (by Nov 30) & a CR to raise $5 million has been completed.

The SP is trading above the Kumo so the overall market is still bullish.

The RSI has reset to 60 so there could be some momentum in any SP increase.

IMO we're more likely to trade sideways for a few weeks, between 2 to 3.5 cents, before any future SP increases. Outside factors like the sentiment on the ASX around the lithium market might drive the SP above/below those targets.




IMO, the real SP mover will be when/if HNR announces a positive FID for a plant in the Nordics next year.

The SP will creep higher as more of these targets & timelines are met.