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 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.
