ASX stock Analysis HMX

ASX stock Analysis HMX

Time Frame : Daily Chart

Watching for Buy Entry Setup

HMX recently had some good news that saw a spike both in price and volume and has since spent some time squeezing out weak buyers on a pullback. Price is contracting still but is holding higher lows and with increasing volume. We are now watching for price to push up out of contraction through 0.11 to start the next leg up. It is a small Cap stock awaiting some drilling results that could get the action really heating up again.

Stock : ASX stock HMX

Current Price : 0.105

Status : On watch for a move above 0.12