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+
HZM possible elliott wave count, 1st target 5.5-6p then 7p&8p I think we're about to start a wave 5
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