HMI 3.51% 5.9¢ hiremii limited

opening price discussion, page-142

  1. 23,101 Posts.
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    The volume has really dropped off which suggests at these levels the holders who were desperate to get out have sold, especially the tranche 1 CN holders who are still in profit at 13.5c.

    IMO significant resistance to get past the 14c to sell level (tranche 2 CN BE) & a then a similar resistance at 20c IPO price unless a positive announcement is made to change sellers view.
    Unless there's an announcement it'll be a slow grind to get anywhere IMO but similarly no bad news & strong support down to 12c (tranche 1 BE ).

    Order book looking less positive today with deficit above 600k again.

    If you're invested just a waiting game up until end Jul (4c).
 
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