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PURE HYDROGEN CORPORATION LIMITEDPURE HYDROGEN CORPORATION LIMITEDPURE HYDROGEN CORPORATION LIMITED

PURE HYDROGEN CORPORATION LIMITED

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PH2 trade ideas

Will this Hydrogen stock suffer the same fate as the Hindenburg?Increasing volume from October to November saw the price inflate to almost 400% of the $0.15 August support test. Unlike the Hindenburg, it did'nt explode at the top and plummet back down to the ground, but once the price popped, it has been steadily deflating and drifting back down toward $0.20. We have seen a rally this past week but unless we see volume, I think we will return to ground for another test of support around $0.15. If this stock really is refuelling for another pump, take some profit around $0.50 but I feel this is the least likely of the two scenarios as after answering questions from the ASX relating to a recent YouTube presentation, there isn't any exiciting news.
ASX:PH2Short
by paulflint
1
ASX: PH2 or ‘Pure Hydrogen is the next Woodside by 2024Pure Hydrogen is planning to develop hydrogen refuelling hubs on the East Coast of Australia in order to supply local customers with Hydrogen fuel at the required pressure of 35 or 70 MPa. These sites will be used to refuel motor vehicles (especially trucks) powered by Hydrogen gas. H2H’s refuelling stations are expected to be supplied to Pure Hydrogen when the first refuelling station is planned to commence operation, at this stage within ~18 months.
ASX:PH2Long
by Dan_king
1