HYD chart

Hi everyone, thought I'd start a chart thread here, looks like it has been a while since there has been a TA thread.

First up I'm looking at the long term movements. This is a 1 month chart, big spikes with big down trends that curve and flatten out. All of them have settled at the same range


If I zoom right in and change it to a daily chart we can see the recent trading range (not even a blip on the monthly) The things that stand out to me are the divergence (purple lines) and those 2 big green candles and volume, the first had a lot of volume, then a pull back on low volume. The second large green candle was on much lower volume but hit the same resistance point, the 3 candles afterward have so far found support at the same level. My interpretation of this is that resistance is weakening quite a bit, if it holds or bounces from here would be very positive, previous resistance has become support, If you run a FIB retrace tool over it you will see some support levels playing ball here from both the bottom and the bounce from the first pull back


Looking at golden cross metrics but on a 1 week chart, it looks like it is ready for some positive news to catalyse a price reaction


Looking at the actual golden cross on the 1 day chart, the first cross is looking very close. I use both EMA (brighter) and SMA indicators, the 50ema will often cross the 200sma first as the EMA is more reactive


The question is do we have the catalyst... Can management deliver what they have given as guidance...



Fingers crossed... GLA