hor is under the radar

Here is a daily chart of HOR as of today.

HOR has been on an uptrend since the 13.5c all time low. It is now above the 21 and 50 day moving average. It also hit the 120 and 200 day moving average in its up move to 30.5c. This is a minor resistance line which also happens to be the 23.6% fibonacci. The move from 13.5 - 30.5c is the 1st wave in an elliot wave.

The 2nd wave which is a corrective wave has started pulling back. This will probably hit the 61.8% fib of the 1st wave which is normal. This level happens to be 20c which is a major support level for HOR.

The 3rd and probably biggest wave up will then begin once correction is complete.

Here is the weekly chart for HOR as of today

As you can see, the uptrend from the daily is also confirmed here. We have had 5 green weeks in a row. Parabolic SAR (Green dot) has also started moving up. MACD, RSI and Stoch are all crossing to the upside now.

I rate this as a buy with heaps of upside in the next 3 months