HZN 2.86% 17.0¢ horizon oil limited

Hi AutoIts been a while. The HZN chart looks in pretty good...

  1. 8,720 Posts.
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    Hi Auto

    Its been a while. The HZN chart looks in pretty good shape imo:
    • Its been tredning up as shown by the short moving average (10 week) trending above the longer one (20 week)
    • Last week was a clear breakout of recent highs where its been consolidating in ascending triangle formation for a couple of months near the top of the gap from early last year
    • This week it looks like it is retesting that breakout
    • If price breaks todays and last weeks high there's a good chance it will close last year's gap at 12c and if so then the next target is 15c
    • It looks like there's been some solid buying in the last couple of weeks to support that move higher

    https://hotcopper.com.au/data/attachments/3248/3248678-7d55572b5ab1079820c552e812971ad2.jpg

    Its a nice setup. Hope the above helps.

    Cheers, Sharks
 
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Last
17.0¢
Change
-0.005(2.86%)
Mkt cap ! $275.1M
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17.5¢ 17.5¢ 17.0¢ $160.7K 931.5K

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Last trade - 16.10pm 06/05/2024 (20 minute delay) ?
Last
17.3¢
  Change
-0.005 ( 2.49 %)
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17.5¢ 17.5¢ 17.0¢ 648178
Last updated 15.56pm 06/05/2024 ?
HZN (ASX) Chart
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