RE: Technicals8 Mar 2025 22:54
3LittleBirds - that post may prove to be right eventually, but it’s total guesswork.
As for them saying: “I expect to see a gradual firming up of the share price over the coming week, and regardless of the flow test results (Charles Formation) which I expect will outperform expectations.” Well let’s see, shall we. My view is that if flow test results disappoint, the SP will more than lose any gains made in the days immediately before results are released.
Even on good news, Hex has generally only gone up a few pence, before promptly giving up some of those gains again. So I really can’t see it rallying if the news is bad.
FWIW, I too believe Hex is likely to have risen significantly by Q3 2025 once Rudyard is hopefully in production. But whether any rally starts next week (or the week after) depends largely on the flow test outcome.