Hex regained BB daily middle line...it is NEUTRAL as long as it keeps support 0.228cents...to start looking bullish ,price needs to retest and close above BB uppper line (which now traveling at 30c ish but closing down)
DMI bears and bulls are "fighting" under the critical 25 with ADX line slopping downwards....that shows a clear loss of bear momentum ...
In a big ,60,70,80% DIP like HEX had,a recovery is never straight forward .So we do expect some retracments at some point.If price starts to close under 22cents ,next pshilogical target is 20 and the BIG one ,18cents. If 18cents wont hold ,price could retest prior low (14c ish ,forming a double bottom) or it can reach our target 10-12cent zone...that would be a lower low on the grand scheme, with a higher or equal low on RSI (bullish div)
This 10-18c zone is a "muddy" zone ,there are some clear bottoming and accumulation signs.
DMI bears and bulls are "fighting" under the critical 25 with ADX line slopping downwards....that shows a clear loss of bear momentum ...
In a big ,60,70,80% DIP like HEX had,a recovery is never straight forward .So we do expect some retracments at some point.If price starts to close under 22cents ,next pshilogical target is 20 and the BIG one ,18cents. If 18cents wont hold ,price could retest prior low (14c ish ,forming a double bottom) or it can reach our target 10-12cent zone...that would be a lower low on the grand scheme, with a higher or equal low on RSI (bullish div)
This 10-18c zone is a "muddy" zone ,there are some clear bottoming and accumulation signs.
Comment:
It is happening in real time . If .124 wont hold ,~.10 is psiholgical and next horizontal support is .085c