After the recent gap fill at $0.28 HIO is now formin the classic cup and handle pattern.
I'm long on HIO and expect this to continue rising from here in line with the cup and handle TA rules.
This came up on my stock screener (CCI below -100) and saw a post on hotcopper identifying a potential Wyckoff Spring (panic low).
hotcopper.com.au
More info here: tradingpsychologyedge.com
If this plays out correctly, it could be a very nice swing trade. First resistance level is $0.036
Not financial advice.
