RIL 0.00% 0.4¢ redivium limited

Hi royboy888,HNR came up on a scan & has an unususal chart: has...

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    Hi royboy888,

    HNR came up on a scan & has an unususal chart: has been consolidating since impulsive move in September, seems to have found a base above 16.5c, ADX has been below DM lines since the beginning of December ~ suggesting a strong move coming up.

    HANNANS REWARD LIMITED has six price sensitive company announcements in the last couple of months and is reported to be an explorer focused on prospecting for gold and base metals within Western Australia. They recently become Top 10 shareholder of Atlas Iron Ltd & look to have energy & enterprise rather than being an asleep at the wheel company...

    It could slide sidways for some time yet but if price action breaks out and the ADX turns up it may be worth a punt...

    Chart:



 
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