The technology has been set up next year is focusing on licensing and royalties ASX:HZR will be making a profit soon through government contracts from Japan and Germany first.
The past or so years have been growing the tech and the stigma towards the industry in Australia as well as the world. Hydrogen is an undenying commodity for the green initiative of the world must adopt to combat global warming with Australian government to invest 1.4 billion in the upcoming years. Turning methane into both Hydrogen and graphite are a win win.
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Seems to be showing relative strength to the overall market. Seems to be coming out of a spring kinda action, getting tight on the weekly. Might go, might not go, tough market for breakouts though, we'll see.
ENTRY: 1.14
SL: 0.925
TP: 1.45
- ADX>20
- RSI<50,RSI<70
- Daily RS -ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- Change of Character with high volume on 11 Aug 2021.
- Breakout of down trendline and HVN (1.05) with high volume on 13 Aug 2021. Retraced in range with lower volume after that.
- Buyers coming in today.
-...
At resistance here and a break above 1.40 will take it to 1.60 which is next resistance, volume is looking good on this one. Im personally not a fan of hydrogen as ive read up on it and they believe its too costly for any use in todays day and age, but if you believe that one day hydrogen will be the new fuel, then by all means, Hazer will be a leader in the industry.
Another stock with a global initiative for green energy. Australia has a great infrastructure to be able to follow through with the hydrogen deal with Japan.
With Hyzon testing its pilot in Australia someting is clearly in the air.
This is only the beginning team Tesla Cybertruck on the way
📌 Another single stock opportunity... I will start posting a lot more of these as the feedback has shown it is working. For today we are tracking a very interesting flow that is finally coming into fruition.
Australia, Japan are advancing talks on hydrogen and a deal is around the corner. The breakout of the highs shows flexibility required and is an example of...
HZR has been having a good run in November, turning around its October pullback. Similar chart somewhat to NASDAQ:PLUG power in the USA another Hydrogen player, which also had that October pullback and re-run. Could be worth a watch.
Not sure exactly whats going on under the bonnet, but this feels like a rerate coming. Be nice to see a flag and tighten and then a move to, I don't know, how about a $1.
Loved the higher low, on decreasing volume and the next move higher is on volume. that aint just HC buying.
Hopefully this thing can consolidate here (or push on) rather than previous impersonations of the Hindenburg. Cashed up and Angela wants our Hydrogen. Never been better placed.
We broke out of the triangle (right head) yesterday. I am expecting price rise up to $0.495 reaching the neckline. That would make an inverse head and shoulder on bigger time-frame.
It is my first published idea!
the best stocks are allergic to the 8 day, but i wouldn't put HZR in that camp... yet. pulled up near the recent 55 high. My best guess is a 4-6 week base here before a punch higher, assuming they can deliver the H that seems to be Scomo's favourite 'green' energy.
