$HCH - Possible Break Out and Closing above 50 SMAFWB:HCH is looking like a possible Break Out with rising volume and closing above 50 SMA
HHLKF trade ideas
HCH - ASXSmall cap, Copper play.
Massive basing pattern, massively oversold on the RSI.
Higher Lows forming.
Grabbed another bunch down here at these prices. down 28% on initial.
Glencore and Rick Rule are shareholders.
Hot Chili - long term view of stock priceHot Chili - a long term view of stock price
Even Rick Rule was caught out by the fall of HCH share price after 2013.
A long term look at Hot Chilli ASX.HCH CopperA long term look at Hot Chilli ASX.HCH Copper
16/07/2010 to 13/04/2011 saw 344% increase from $8.025 to $35.66
peaked again in Feb 2012
and peaked again in Jan 2013.
then long decline through to 2019.
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Disclaimer: I hold this stock.
Copper futures are down, Gold future is down, there was a gap up previously, speculators are most likely looking to fill the gap at around 0.04c and 0.042c, we should see a gap up afterwards.
Instos have also accumulated around the 0.042c price as well according to some sources, this statement needs to be verified first.
There is also a slight chance that the company will open or gap up on 1/02/2021 due to the American bullish stimulus deal.
Long term this company has great fundamentals.
DYOR.
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$HCH Hot Chili looking very strongCopper & Gold player HCH with some solid volume after some an exceptional Maiden Recourse result. Big things are coming for these guys and i'm following along for the ride.
Entry average 4.4c but will definetly keep accumalting more shares.
Minor resistance @ 6.8c
Major resistance @ 9c
I see very little downside to these guys but as per every trade my trailing sells are in play.
Let me know your thoughts!
TobyT
H&S for Hot ChilliPretty stiff resistance at $0.04, I thinks HCH needs a swing low before another shot
$HCH - Hot Chili - Volume Breakout at Resistance$HCH - Hot Chili - Volume Breakout at Resistance
HCH closed up 25.0 percent on Friday, April 5, 2019, on 3.56 times normal volume and appears to be in a medium-term rally confirmed by multiple indicators.
Most importantly, the faster 9-day exponential moving average is above the slower 21-day exponential moving average and both are strongly rising with previous resistance in the .030 + range having been heavily tested and the long wick shows buyers were prepared to pay significantly more before the rally retreated.
Volume has surged past its 30 day average and our OBV (On Balance Volume) indicator also looks to be about to breakout and push strongly though its 30 day moving average so there is strong buyer interest coming into the stock.
The RSI is above 50 and moving up which is also a great sign of strength. Importantly the RSI is at 60 so well below the 70 to 80 traditional reversal range which indicates the stock is probably considered fairly valued by the market at this price point and nor is it likely to trigger profit taking as it's not in that overbought range. With these signals it would seem less likely for it to reverse significantly without a strong catalyst like bad news.
Other bullish signals from the days trade that will help support our break out include:
- MACD Bullish Signal Line Cross
- New Uptrend
- Pocket Pivot Swing Setup
- Volume Surge
- Wide Range Bar showing Range Expansion
- Wide Bands showing Range Expansion
- Upper Bollinger Band Touch showing Strength
- Crossed Above 20 DMA
OR TL;DR
Volume breakout at resistance
About Hot Chili
Hot Chili Limited is an Australia-based company that acquires and develops copper multi-commodity projects within Chile. The Company is principally engaged in mineral exploration. The Company's geographical regions include Australia and Chile. The Company's project include Productora copper project. The Productora copper project is located 15 kilometers south of the town of Vallenar, at low altitude, in Chile's Region III. The Company is focused on achieving growth and development at its Productora copper project, and in expanding the Company's project portfolio to ensure future copper production hub.
Disclaimer
I am guessing and the market lies.
