HYD 0.00% 1.1¢ hydrix limited

Not much I can say this week other than another week gone, no...

  1. 4,512 Posts.
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    Not much I can say this week other than another week gone, no news & the sp dropping on higher volume to kill off the weekly candle pattern & confirm the daily down trend is back in control.
    All we need to see this coming week to confirm the weekly down trend is a new low below $0.105.

    If $0.105 holds & we get a bounce then the forming of a reversal of the downtrend will still be intact.
    I am still calling it as a reversal building until I see that new low and it is still inside box 6.

    The indicative target for box 6 was $0.10, It hasn’t got there yet. It may or may not.
    The sp has been in the range of box 6 for 65 days so a breakdown will probably be significant.

    The downside target indicated by a breakdown of box 6 would ultimately be down though the unclosed gap formed on 30 – 31 Dec 2014 at $0.046 to $0.064.

    One would think that some of the big stake holders would not be impressed if the sp goes that low, I sure as hell won’t be.

    It is definitely time that management give us a bone or ssv135 will be able to activate his trading plan soon.

    Good luck everyone and hang on, this week could get ugly. PSY Weekly.jpg PSY 14 Aug.jpg
 
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