HGO 1.82% 8.1¢ hillgrove resources limited

copper (HG1!) hit 4.766 overnight which I believe is a new all...

  1. 143 Posts.
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    copper (HG1!) hit 4.766 overnight which I believe is a new all time high.

    Historical graph for copper prices:
    https://hotcopper.com.au/data/attachments/6168/6168342-703ec59217f89e2893818bda4e896b5a.jpg

    HGO has returned to the it's upper trend movement after retesting both EMA 43 and 100. I see this as very positive and anticipate some larger movements could occur. The movement down to 72 on the 9th May is probably a shakeout trying to catch weak hands and occurred on relatively low volume supporting this theory.

    Next levels I am watching are 89, 105 and 125 with 94 being the obstacle to overcome. My opinion is we are potentially in the last opportunity to buy at these prices ( < 80).

    https://hotcopper.com.au/data/attachments/6168/6168363-90c9d301fa78c3cab638f6b3d328fa8f.jpg

    Only changes to this screenshot are minor cleaning up of redundant trends.
 
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Last trade - 16.10pm 28/05/2024 (20 minute delay) ?
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