HAW 8.47% 5.4¢ hawthorn resources limited

Hi Bucko,This is what I come up with - you have to remember...

  1. 55 Posts.
    Hi Bucko,

    This is what I come up with - you have to remember though, with these cheaper stocks, they're much more easily manipulated so therefore someone can make the chart look the way they want it to, for better or for worse. This, like most penny-awesomes, is a stock that mostly relies on unexpectedly great news and a good market to shoot up before deciding where to go from there.

    To answer your question, at the moment it appears to be maintaining the downward trend and without great, unexpected news, as Ophir said, we need to hold the support at 0.012 but I feel that today or tomorrow we'll close at 0.012, and then after a short delay, continue south to test 0.01 properly maybe by the end of the week, and if bearish (which my gut tells me it is...) slowly subside and repeat what the chart looks like before this spike or if bullish, bounce out of this downtrend.

    Now to the news/FA part of the analysis, we need to see what happens with NDMC and LCY and whether HAW is even mentioned in their negotiations. I think that will be great for HAW's SP if we're even whispered somewhere in there because it means we've officially been considered somehow.

    All in IMO and I wish everyone goodluck with their trading.

 
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Last
5.4¢
Change
-0.005(8.47%)
Mkt cap ! $18.09M
Open High Low Value Volume
5.5¢ 5.5¢ 5.4¢ $8.304K 152.0K

Buyers (Bids)

No. Vol. Price($)
1 9339 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.9¢ 291439 1
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Last trade - 10.44am 11/11/2024 (20 minute delay) ?
HAW (ASX) Chart
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