I've traded this in the past,bad news has brought a poss investment...this is pure speculation DYOR(share dilution..etc..)..ive nibbled here,I'd like to see that 50 hold ..Long Term Hold
After following since March have been able to identify the trend lines. Also using the moving averages can detect price action. Along with a flurry of news. 2021 stock
Horizonte Minerals PLC is a United Kingdom-based nickel development company.
Monthly low in Feb 2009 (red horizontal line) target entry. Which is also the gap fill 'region' created in August 2019.
Hammer candle formed on daily today. Suggesting todays drop was overdone. Also starting to look oversold on the daily.
2:1 Risk/Reward trade.
TARGET: 4.4
STOP: 2.8...
Above t-line - bounced off 200ma weekly at 3p
One of my biggest holdings - trade pot & core pot.
Finance deal on any of their assets will see this rocket. Happy to hold in 2020.
Nickel after retrace now on a upswing
buy triggers nailed last 2 times on chart. third time?
Extremely bullish on Nickel for coming months/years
We bounced off great support and getting stronger every week.
3.5p is a good slice target but ultimate target would be 5p to start with but longer term as we head to production 5p is way too small vs revenue it will be making in time. Will update chart in time
Feasability study is this month and as per their tweet they are excited and looking forward to releasing the results.
Nickel price is doing well and massive price forecasts for next few years.
Chart says it all.
Wave 5 started.
Today was a good day for HZM and we finally managed to make a move above 8ema & 20ma, hopefully we hold the 20ma and start moving to break the trend line and 50ma.
October is the catalyst for a Feasability study to come from Horizonte Minerals.
I believe the mcap should re-rate when we are closer and news drops.
Expect at least a target of 5.20+
Fundamentals of HZM seem strong, with the BFS on their flagship asset due in the coming weeks. That being said, a persistent seller has been present over the past several months, resulting in the share price drifting lower.
Recent cross of the 50 and 200 MA is usually a bearish sign, and the price has now dropped below the 61.8% fib retrace level. Recent...
This chart setup is fantastic, it seems that it respects the 50ma weekly (blue) since April 2016.
also holding the 618 fibs from last rise.
I bought in last week at around 4.15p as I like the chart setup plus the Feasability Study is coming up in a few weeks, around August I believe.
This penny stock every time it touches the 50ma weekly timeframe it bounces.
It has bounced over 7 or 8 times with one being a false drop below it over the course of 2 years.
For me the buying area will be 4p-4.05p if it lands.
HZM BUY SIGNAL ON THE 4H CHART. BOUNCED OFF THE 200MA, 50% FIB RETRACE & PREVIOUS RESISTANCE WHICH NOW LOOKS LIKE IT WAS SUPPORT. ITS BROKEN ABOVE THE 20EMA AND TREND LINE. RSI TURNING UP AND ALSO POSITIVE DIVERGANCE ON THE CCI (FXSNIPER)
STOPLOSS JUST BELOW THE 200MA
SEE CHART FOR TARGETS
IM NOT LONG YET BUT LOOKING TO TAKE A POSITION
