Phew, a far more normal day today! and the price is now back into a far more sustainable uptrend as shown on the hourly chart, which is actually creating a nice tight channel that has been tested on the upper and lower bounds multiple times with the outlier being the "pump and dump" that has now fizzled out with the price again respecting the channel, which it has moved nicely back inside:
From my perspective the underlying uptrend is there (supported by strong fundamentals) but in the last few days we had some FOMO get out of hand and the smart money used that to their advantage!
Ironically if the price never broke out of the channel on Friday we'd be all celebrating another ATH today and how HIO is a life changing stock etc., so let's not let that two day anomaly make us lose perspective on where the price is going long term.
Phew, a far more normal day today! and the price is now back...
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Last
3.1¢ |
Change
-0.001(3.13%) |
Mkt cap ! $30.33M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.2¢ | 3.1¢ | $15.16K | 484.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 767681 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 645814 | 4 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
3.1¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 3.1¢ | 3.2¢ | 3.1¢ | 912181 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| HIO (ASX) Chart |