As posted over a month ago
"Using the peak of 41.5 to the base of the cup/bowl (21 cents) so 41.5 -21 =20.5 cents plus the high gives us a target of approximately 62 cents."
Target hit!!
I am out, taken my profits from Hills and running, more than double in approx. 6 weeks has been a good trade.
I believe it is now over bought, however may continue a little further in the short term.
There is a gap at 78 which may fill, I believe the gap at 26 will get hit at some point in the future.
The woolworths deal is short term money, Hills burnt bunnings so interesting to see if they will take them back, what good is intellectual property if you don't have a market?
Interesting to see whether HIL can sustain the momentum, it will all come back to the numbers that they show at the end of the half........
Cheers
HIL Price at posting:
64.5¢ Sentiment: None Disclosure: Not Held
