Bullish potential detected for HIO

31 Ağu

Entry conditions:
(i) higher share price for HIO along with swing up of indicators such as DMI/RSI (break out of recent channel).

Depending on risk tolerance, the stop loss for the trade would be:
(i) below previous support of $0.017 from the open of 7th August, or
(ii) below previous swing low of $0.016 from the open of 17th July.

6 Eyl

İşlem aktif

UPDATE (week ending 05-Sep): Trade activated on Friday 29th August / Monday 1st September on decent volume, with share price closing above both 10 and 30 day MA's at the end of the trading week.

13 Eyl

Not

UPDATE (week ending 12-Sep): Highly constrained price action this week, whilst respecting the 10 day MA to the upside. Appears to be meeting a fair amount of supply at the $0.022 level - charts suggest to observe market reaction around this level over the coming week whilst monitoring indicators such as DMI/ADX and RSI.

20 Eyl

Not

UPDATE (week ending 19-Sep): Another fairly constrained price action week this week, with an attempt to break out to the upside, accompanied with a decent rise in both DMI/ADX and RSI, but not enough to break through abundant supply/resistance above. Charts are suggesting that short-term traders raise protective stops to breakeven levels at the very least.

27 Eyl

Not

UPDATE (week ending 26-Sep): Yet another week of constrained price action - let's give this price action another week and see whether or not momentum is completely gone. As the charts suggested last week, short-term traders should consider raising protective stops to breakeven levels at the very least.

5 Eki

Not

UPDATE (week ending 03-Oct): There's some movement at the station! Thursday's price action looked exceptionally promising with increased volume confirmed with indicator movement in both the DMI/ADX and RSI. Charts suggest observing potential resistance at the $0.028 level (from the open of 29th May), maintaining the previous suggestion of raising protective stops to breakeven levels at the very least. Share price closed above both 10 and 30 day MA's at the end of the trading week.

11 Eki

Not

UPDATE (week ending 10-Oct): Profit target #1 of the first resistance area of $0.028 allowed the opportunity to take a small piece "off the table" for those traders/investors who wished to reduce their risk level, with charts suggesting that traders/investors now raise profitable stops to an area beneath the prior swing high of 17th September (i.e.: beneath $0.023), at the very least. Congratulations on a terrific trade! Trade now classified as 'further bullish potential trade'.

The charts suggest that the open of 11th September 2023 (i.e.: $0.033) offers the next support/resistance line of interest to observe the market reaction. Should this be overcome, look towards $0.04 and $0.044 (from the close of 29th April and the open of 19th April, respectively) as the next profit target area of interest, with possibilities to then raise profitable stops to beneath the swing low currently forming at $0.026, at the very least.

18 Eki

Not

UPDATE (week ending 17-Oct): A consolidation week for HIO this week - no action suggested / required. Share price closed between the 10 and 30 day MA's (at the higher end of the range).

25 Eki

Not

UPDATE (week ending 24-Oct): A further consolidation week for HIO this week - no action suggested / required. Let's give this another week to see if we get some further action or whether this fizzles, maintaining raised profitable stops beneath the swing low currently forming at $0.026.

1 Kas

İşlem elle kapatılmış

UPDATE (week ending 31-Oct): As suggested last week, we were giving this another week to see whether or not momentum has drained from this trade, and it appears as though it has. Charts are suggesting to close this trade out since traders have lost interest - congratulations on a terrific trade and for your patience! Best to utilise your capital elsewhere now.