HIL has been continuing it's downward slide whilst the market and sectors of the market have been rallying for the last ex amount of years.
Given HIL has been sliding against market trends I believe the market has paid no attention to HIL what so ever so hence no further sell down despite the market sell off.
There is still considerable off screen selling around 18 ish, support is 17 which must hold.
Signal of a move would be volume and a bounce, until then it is speculation as to which way it will move.
As noted, break of descending trendline, let's see if it can push on from here.
As I think jamula alluded to buying at 17 support, offers a good risk reward.
Keep your stops tight!
HIL Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held
