With a solid and bullish background momentum here, we can expect to see some serious movement once this retrace is over, i.e. 5/13 EMA has crossed over properly, and daily MACD makes a bullish crossover, RSI starts to rise again etc
I do think HIO is in the middle of a W3 in the weekly time frame which provides a very long runway as long as market conditions permits.
Compare it with ARR and RNU which also broken out in the weekly time frame.
Price and Chart HIO, page-575
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 (20min delay)
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Last
2.8¢ |
Change
-0.001(1.79%) |
Mkt cap ! $27.24M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.8¢ | 2.7¢ | $20.86K | 760.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 570766 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 1967594 | 4 |
View Market Depth
| Last trade - 10.53am 08/07/2024 (20 minute delay) ? |
| HIO (ASX) Chart |