Will this Hydrogen stock suffer the same fate as the Hindenburg?
Increasing volume from October to November saw the price inflate to almost 400% of the $0.15 August support test.
Unlike the Hindenburg, it did'nt explode at the top and plummet back down to the ground, but once the price popped, it has been steadily deflating and drifting back down toward $0.20.
We have seen a rally this past week but unless we see volume, I think we will return to ground for another test of support around $0.15.
If this stock really is refuelling for another pump, take some profit around $0.50 but I feel this is the least likely of the two scenarios as after answering questions from the ASX relating to a recent YouTube presentation, there isn't any exiciting news.
Unlike the Hindenburg, it did'nt explode at the top and plummet back down to the ground, but once the price popped, it has been steadily deflating and drifting back down toward $0.20.
We have seen a rally this past week but unless we see volume, I think we will return to ground for another test of support around $0.15.
If this stock really is refuelling for another pump, take some profit around $0.50 but I feel this is the least likely of the two scenarios as after answering questions from the ASX relating to a recent YouTube presentation, there isn't any exiciting news.