RE: Hemo2 Feb 2023 08:31
Hi CI,
I was previous on Harl yesterday getting in before end of close prices. (I really should no better! ha ha)
So its in a range with 18p being a bit of a support and if it goes then 15p would be the next support. needs to close above 22p to indicate further gains.
From an FA POV there is clearly a big seller presumably crystalising the gains from around 5p? but who knows what the reason is, (it might be something else, or a whole host of reasons), there is talk of a cash raise, so that might be depressing the price too.
My gut feel is that they need another decent sized contract win to show that they really have turned a corner to secure their future , at that stage it might give investors the confidence to pile in.
As for AGL, that's in no mans land right now. the bottom is clear at 23.90p and the rsi was 20 which is over sold so the rise was on the cards, so fa so good. but...has it stalled?
The high was 32.5p then it tried to break it, but stalled at 31.25p and then had a 3rd go and stalled at 30.5p.
So that suggests it will fall back further. However it is close to the top for a breakout so would not take much to break 32,5p.
Ultimately you can make an argument for either direction but given the conflicting signals I would wait until it closed above 32.5p And thats the thing. Its an odds game and the odds (to me) looking at the chart, are not strong enough to bet on either direction.
Anyway, just my 2p's worth... GL