Hawsons Iron Ltd
Long
Updated

Bullish potential detected for HIO

79
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.
Trade active
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.

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