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+
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.