I don’t want to get prematurely excited, but it finally looks like the stars are beginning to align for HGO, especially when you consider the following:
1. A falling USD (on the DXY index)
2. The end (apparently) of China’s ‘zero covid’ policy
3. Low copper inventories internationally
4. Surging copper price
5. For those in to technical analysis, a potential ‘golden cross’ in the copper price, where the 50 day moving average looks like it’s about to cross the 200 day moving average, which, if it does, would suggest a major rally in the price is imminent.
It’s no doubt premature to pop the cork on the bubbly just yet, but it’s looking good.
I don’t want to get prematurely excited, but it finally looks...
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Last
7.5¢ |
Change
-0.003(3.85%) |
Mkt cap ! $157.0M | |||
| Open | High | Low | Value | Volume |
| 7.9¢ | 7.9¢ | 7.3¢ | $414.9K | 5.566M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 716973 | 7.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.5¢ | 82714 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
7.4¢ |
Change
-0.003 ( 5.13 %) |
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| Open | High | Low | Volume | ||
| 7.7¢ | 7.7¢ | 7.4¢ | 3355836 | ||
| Last updated 15.55pm 03/05/2024 ? | |||||
| HGO (ASX) Chart |