HZM a bit messy but looking positiveHZM looks good but a bit messy
no advice given
narrow upward channel in a general positive trend
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About HORIZONTE MINERALS
Sector
Non-Energy Minerals
Industry
Other Metals/Minerals
CEO
Jeremy John Martin
Website
horizonteminerals.com
Headquarters
London
Founded
2006
ISIN
GB00BMXLQJ47
Horizonte Minerals Plc engages in the development of nickel properties. It owns and develops the Araguaia and Vermelho nickel projects in Brazil. The firm operates through the following geographical segments: UK, Brazil, and Netherlands. The company was founded by David Jonathan Hall on January 16, 2006 and is headquartered in London, the United Kingdom.
HZM LongAfter 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 (HZM) - Long TradeHorizonte 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 overs
5.2p-7p next resistance - nickel upswingAbove 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?
Long term view - Bullish - Support held - 3.5p - 5p Targets 2019Extremely 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
Horizonte The journey - Bull run Wave 5 startedFeasability 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.
closed above tline & 20ma daily - trend line brake soon?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 a
HZM possible elliott wave count, 1st target 5.5-6p then 7p&8pHZM possible elliott wave count, 1st target 5.5-6p then 7p&8p
I think we're about to start a wave 5
HZM - Approaching Buy ZoneFundamentals 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
BULLISH respecting the 50ma weekly - CCI turning to upsideThis 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.
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