I would imagine a few of you are topping up at these low prices....

I would imagine a few of you are topping up at these low prices.
I am not as I dont have a buy signal but for those of you who are I suggest this approach be considered.

If you are wanting to buy at these low prices but minmise buying and then having the SP immediately fall try this.
The average true range (ATR) for HDR for the last 5 days as of Friday has been around 6.5 cents (The average difference between the low and the high of the last 5 days)

Take the open on a day such as today (1.89) and ad 3.5 (Just over 50% of the 5 day ATR) and place a buy order 1.925.

Taking this approach ensures that you enter the stock when at least the stock is moving in the right direction. If the stock goes down your order doesnt get filled and you can repeat the steps the following day.

Depending on your approach and your money management rules I would place a stop around 1.79/80 the april may resistance levels. This is not strong support but should provide some levels of assurance.