Short Term Trading Week Starting: 9 Jan, page-411

STTCOMP HZR, TA Long

SP : 58c
MC : 33m
Shares: 54.38m

- Developing inverted H&S pattern. Previous H&S pattern saw a breakout to 80c
- Strong base around mid 50c range, with most amount of volume being traded within this range
- Recent high volume day with large spread on the candle and previous low volume days. Suggesting selling was weak
- 60c historic key resistance. If breaks and holds, very little resistance and overhead volume above
- News of Pre Pilot Plant commencing would help to act as ST catalyst
- Small MC in comparison to other tech plays

IMO HZR SP has been held back the past year or so mainly due to it's timeframe for getting to Pilot Plant/commercialisation stage. Pre Pilot Plant is set to commence early 2017, and with it the process of upscaling their research achievements thus far into production.