HIO has broken out of the 1 year bearish chart formation on LOG and NON-LOG charts, and has closed for multiple days above 3.9 (100 day moving average). Hard to see this bounce against the bearish market trend as anymore than a reaction to the end of Regal's dumping, but of course hoping it can morph into a fundamental rally built on the Australian Green Steel thematic.. MGT appalling performance suggests the green steel thematic has zero legs at the moment. So HIO current move is just a short squeeze, resistance is layered from 4.4 to 5.7, we aren't going break that wall without news involving a partner you would think in this bearish market
HIO Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
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