get on board..., page-5

Catherine Davey - the chartist from investorweb - agrees with you. Her TA - on top of the known fundamentals - prompted me to top up. Might also have influenced others, though not sure if it's a direct cause and effect for the recent surge (div helps too).

Her analysis follows. Worth investing in investorweb if you want good market info, plus share analyses, plus portfolio management etc etc. (A plug for investorweb for the post/copy).

HMC - Resistance 21c ? Looks like it.

"""Catherine Davey Hydromet Corporation Limited (HMC)

By Catherine Davey, 18 Oct 2007

A request on the Premium Forum prompted today's story on Hydromet Corporation.

Analysis

HMS has big mover potential and it recently crossed an important hurdle and ticked one of the boxes for earning that potential. HMC was in a base building exercise from early 1998. The highs of that pattern were at 9.4c, reached in 2000. The price tested and retested the lows over the next seven years until the high of the pattern was breached in early 2007. That was the queue for HMC to live up to its big mover status. Recent highs of 21c are a small blip compared to this stocks potential. That assumption is based on the past history of much higher prices. HMC reached all-time highs of $3 in January 1994. Can it happen again? Absolutely.

Outlook

In the short term HMC may test the last key downside level of 12c with next support at 6.6c. I would be surprised if the latter level is breached in any upcoming pullback. A close below that level and HMC is likely to retest the lows. Unless it closes below the lows, the outlook remains long-term bullish.

Support:- 0.12; 0.10; 0.066; 0.53; 0.034; 0.025

Resistance:- 0.21; 0.32; 0.39; 0.50; 0.86. ""

end of copy