HZR Chart, page-771

Chart is looking fantastic on the weekly. I've highlighted the 60-70c range, along with the broader support/resistance lines. The price has traded in this range before, althought the first 2 times were marked by unsustainably aggressive runs that ultimately resulted in a retrace and fall back below 60c. I take a lot of comfort from the fact that the price has closed above 60c for 4 consequtive weeks. We are currently churning through old stock bought at these price levels and building a solid and sustainable base for the next move. This weeks big green bar suggests supply is drying up at these levels and buyers are needing to step up. Couldn't be more pleased with the moves over the last few months, as this should support a sustained rally to new highs.

Within 2 months we should be at a very significant point both technically and fundamentally. All looking positive!