Very Poor Form Hills, page-15

@qf8 - that is a good question to pose!!
Big lesson in the markets here and this is a damn good example!!

This is what I posted on the 12th October

"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"
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It did hover above the "target" price for a few days and has since been polaxed from its high of 73.5, trading 43 today.

That GAP at 26.5 which opened on the 17/08/2016 WILL get filled!!

A good opportunity to exit if you hadn't realised the top was in was on the 28/10 when a lower high was made with a lower high of 72.
I posted previously for HIL to continue up it had to make a new high!! It didn't so its now the change of the trend!!
If that wasn't enough, momentum crossed on the 31/10 to advise it was going to fall further and the MA's crossed on the 11/11 to the negative.
If you weren't out by then, you are now in a lift falling through floors pretty quickly.

35 - 37 should offer minor support at 150 day MA, failing that here now comes 26!!

What sickens me is the selling that occurred to form the top, AND WAIT for it the announcement of the Directors for LINCOR on the 03/11 as if to suggest to the market all was rosy and going ahead!!

Talk about transparency (NOT)
my take - The announcement on the 14/11 was already known by the insiders prior to the 03/11 as the selling has shown so announcing on the 03/11 and a retraction on the 14/11 is more poor form !!

Wonder whether there will be some nice sandwiches and a cup of hot tea and a lovely warm (spin) chat with the CEO at next years AGM??

From what the charts read (the selling) and the timing of announcements is more poor form!!

Here comes 26!!

Cheers