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Feasability 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.
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
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.