HII 0.00% 8.0¢ hire intelligence international limited

HII - high risk bottom pickers special

  1. 10,543 Posts.
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    Now here is something interesting for the bottom pickers (if there are any left).

    As chance would have it the opening day low of 80c and the high of $1.75 in March produce a 161.8% retracement of ....you guessed it - approx 22c, todays close.

    This stock has been watched by technicians without doubt - against all odds it held the 100% retracement at 80c for two days on the way down so a rebound (even if very, very short term could well be on the cards.

    Be careful though, these newly listed micr-caps don't seem to recover from these sorts of failures so its definitely an extremely short term trade imo.

    Any thoughts anyone ?
 
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