Very few companies soar 30% without a retrace so one was overdue for the Horizon SP. But any shorters would have been incinerated today as the SP retraced down to 5.3 cps but then came roaring back. For those who follow chart signals the pattern today was a bullish harami cross. Now that's a signal that basically indicates that the retrace is over or very close to over and the SP is on its way skyward again. If that's right we could see another cent or more added to the SP very early in 2017 trading, that's 18% or more. This isn't investment advice, it's an interpretation of the chart but underpinned by some exciting PNG developments. HZN is surely the most likely ASX company to double or triple in value in 2017.
DYOR
SP, page-3
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $332.7M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 20.0¢ | $125.0K | 614.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 663659 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 860826 | 12 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| HZN (ASX) Chart |