HYD 0.00% 1.1¢ hydrix limited

Trend reversal, page-67

  1. 4,512 Posts.
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    Dare I call a rally off the bottom of box 6 tomorrow?
    OK what the hell, that's what I will predict for the rest of the week then, maybe even a weekly close back up to $0.115 - 12.
    Why?
    The base line target of $0.10 was breached early in the day but a reasonably solid looking close back in the box at the previous low of $0.105 I hope has signaled the bottom for the moment.
    The volume was not as much as yesterdays when the initial target of $0.10 was reached.
    I actually thought it may have bounced today on the open or even held above the bottom all day but those hopes were dashed pretty early.
    Never mind, I suppose there is no point in being disappointed when a target is reached or there would be no point to having one to start with.
    I put the selling below $0.10 down to someone trying to frighten traders who bought the last few days. I could even say it was T+3 traders Friday. I imagine that any long term holders who havnt sold will continue to hold regardless. Whatever the reason, it has closed back in the box so now we wait & see what happens next.
    A nice looking spinning top candle formed, these can indicate a reversal after a downturn or visa versa a fall after a rally.
    If everything we have been told by the company is still good then this should be a good time to buy in I guess..
    If the market believes otherwise then look out below. I will keep believing until told otherwise
    Hang in there.

    PSY 25 Aug.jpg
 
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Buyers (Bids)

No. Vol. Price($)
3 1527025 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 160554 4
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Last trade - 16.12pm 06/09/2024 (20 minute delay) ?
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