Technicals

This is a strongly technically traded chart.

63/64c is very significant to HDR as an overlaying fib support - 100% retracement for the rally to 92c that commenced on the 28/6/02 and also a 61.8% retracement for the longer term rise that commenced at the end of November '01.

Will 64c hold? Who knows. HDR has touched it four times including today on this fall but this is the first time it has closed on it.

A break below this would see 'soft' support at 50/52 then a major support at 45c.

All of the above is (as always) imho .

Cheers