Price and Chart HIO, page-4000

In my past trading days with small and micro-cap stocks—and especially with junior miners and explorers, for whatever reason, I’ve found that they often react strongly at Gann levels of retracement –especially 50% , 62% (Fibonaccci) –but really, really often –at 75% and 100%.

Looking at the last 3 weeks of activity-

Lo 42c 10/5/22

Hi 72c 16/5/22

Range = 30c

%Retracement Amount Price

25% (x 30c range) 7.5c 64.5c

50% 15.0c 57c

75% 22.5c 49.5c

100% 30c 42c

125% 37.5c 34.5c

Lows

25/5 50c

1/6 49c

2/6 50c

3/6 51c

7/6 51c

8/6 52c

9/6 48c

10/6 49c

75% was holding up well until the long weekend--but global markets are looking very sad while we had Monday off..

The current climate of increasing fear in world markets could trigger a heavy fall in all markets taking Oz with it, today will be a red day for sure, and some HIO holders could well be forced or scared into selling "at market"--playing right into the hands of the big players.

Should it get that low, a good reaction from the 100% retracement at 42c/43c area would be a fantastic buying opportunity imho. Double bottoms in small stocks are often very profitable (said with my past life traders hat on there...to be clear I'm a rusted on LTH with HIO)

If I wanted to top up my already overloaded HIO LTH model dump truck, I would be happy to do so at these prices—but I think that’s called greed—lol.

Predictions are difficult especially about the future

My plan is to Keep Calm and Hold -in 12 months time this weeks prices will look very cheap.