The straightline progress of EHX has been, well, almost unsettling. It needed to show a little frailty, endure a retrace, if only in order to give the chartists something to chew on.
A chartist I'm not, but if we close the day above 16, that will give me confidence that a new support level is forming in what is still a very immature ASX history.
For mine, embrace the retrace and know that whatever goes inexorably up, has to eventually come at least part way down! Then trade it, or endure it, whatever fits your style.
DYOR
BDM Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
