Technical Analysis Thread

Hi Tonners,

We always have a 'ton' of fundamental discussion on HC which is very helpful, but we're lacking in TA. I am not overly experienced in chart analysis but I would find discussion useful. I understand that we can't take TA observations as gospel with TON still being speculative but it may help us understand what direction we're headed.

I can start by posting a 3-month daily chart, with evident signs of falling SP coupled with decline volumes which could indicate a technical correction to a previous area of support. For a longer term rise, if we look at an exhausted selling model in this post-pump environment, technically the 40 day moving average needs to be broken and hold, which I calculate to be at about .380.

Any thoughts or comments welcome.