RE: Someone is willing to take all your shares11 Dec 2024 08:53
When I first charted #HEX, I mentioned it would be a rollercoaster ride, and it certainly has been. I am by no means an AIM expert—in fact, I would go as far as to say I am not particularly skilled in this area. Charting AIM stocks likely requires a deeper understanding of the company, which is something I do not focus on.
I’ve observed that the AIM market is unpredictable. Positive news is often met with selling pressure, while delays or perceived negative developments can result in double-digit losses, undoing steady gains. This makes price action reading a significant challenge, compounded by the low liquidity of such stocks.
I’ve been asked for my opinion on #HEX, and while I am bearish on the gap down, it’s difficult to predict when news might break. A sudden announcement could swiftly fill the gap.
As for my current expectation—the metric by which most judge opinions—I’ll take a stance: I suggest not selling at this level. Instead, consider a calculated risk by buying today, setting a stop loss below 13p. This offers the potential for a 25% gap-fill move. If trading volume increases today, it could validate the likelihood of this gap-fill occurring. The Viking has spoken. I hold no position.