rbtradesdaily
Long

Higher high, downturn broken?

LSE:HOC   HOCHSCHILD MINING PLC ORD 25P
Hochschild has been in a downtrend for quite some time. Companies like this are clearly linked to the price of precious metals, as witnessed by their recent trading results, but they will benefit substantially if physical metals can continue their recent increase in price. On my chart it looks like the downtrend has been broken, with a higher high. I'm looking for 192-200p as indicated on the chart in the near future. The gold buying season is starting so I have hopes for a sustained increase from here. Close today 180.5
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