HFR 3.45% 28.0¢ highfield resources limited

I couldn't agree more in regards to the approval being the...

  1. 1,673 Posts.
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    I couldn't agree more in regards to the approval being the catalyst for a share price re rating.

    All iam doing is highlighting the fact that the technical indicators for the stock are quite positive at the moment and we could see a push higher beyond the 200 day MA at $0.655 in the short term even in the absence of news.

    With the company presenting at the 121 conference in HK last week and in Australia this week meeting with a number of shareholders and potential investors, this could be the catalyst for interest to pick up on the expectation that approvals aren't far away + global potash economics remaining positive over the medium to longer term..

    Good to see the buyer of size that has been in and around the screen over the last few days step up and take out the 64c offer this morning. The share price is now butt up against the 200 day MA again at $0.655, with the MACD positive, trending north and above the 0 control line. We are also seeing the RSI and stochastics trend higher.

    In the absence of material news to drive the share price higher, renewed demand in the story i the short term could see a move to $0.75.

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    Last edited by 13th: 25/03/19
 
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28.0¢
Change
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Mkt cap ! $113.7M
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28.0¢ 28.0¢ 27.5¢ $59.64K 215.0K

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No. Vol. Price($)
2 51230 27.0¢
 

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Price($) Vol. No.
28.0¢ 13149 1
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