Chart action for the HUI suggests we are in wave 4 down with a target of 480, to be followed in the next few weeks weeks by the final wave 5 up.
This wave 5 set up is extremely bullish as wave 5's in the HUI tend to be spectacular and often parabolic rises.
Add to this the fact that over the same period we are looking at commissioning of the plant and first production soon after, then CCU is geared up for a massive move upwards during April May.
from Mchughs Technical report...
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- ASX - By Stock
- CCU
- the upward trend has now been broken
the upward trend has now been broken, page-3
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