What’s Happening to the Share Price of Havilah Resources Ltd?

What does Havilah Resources Ltd do?

Havilah Resources Ltd [ASX:HAV] is a South Australian focused mineral exploration company. Their drilling over the last six years has outlined a large metal inventory of copper and gold resources.

Anyway, what is the chart telling us?

What does the chart look like?

I find it helpful to bring up a chart. Here’s the daily chart of HAV.

Havilah Resources

Source: STEX

This stock thinly traded, no argument on that, it requires risk management. From February onwards the stock has continued to get more expensive. Curiously there’s been no significant news since 2 March.

What now for HAV shares?

We could expect perhaps some positive news to come from this company. We just have to wait and see. You should be checking the announcements to make an informed reading of the charts.

You can get some more ideas on reading the charts here.
Cheers,

Terence Duffy,

Research Analyst, Cycles, Trends and Forecasts

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Terence Duffy is an analyst and chartist, specialising in researching economic trends and cycles.  His primary focus is housing and land affordability. But you can also depend on him to offer his unique analysis of stock market charts. As Terence will show you, the charts often forecast, well in advance, the good or bad news to come — which he details in Cycles, Trends and Forecasts.


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