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 has broken out of the 1 year bearish chart formation on LOG...
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 (20min delay)
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $19.31M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.8¢ | $4.569K | 240.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1590941 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 48870 | 2 |
View Market Depth
| Last trade - 15.39pm 24/06/2025 (20 minute delay) ? |
| HIO (ASX) Chart |