Technical View
Weekly Chart
>Looks like HLCM is forming a Possible Bearish ABCD with a Potential Reversal Zone (PRZ) at 16.50. The PRZ is in confluence with the Median Line of Andrew’s Pitchfork that will act as resistance. Check the Yellow Oval.
>There are four Resistance that HLCM encountered First is 38.2% Fibonacci Retracement second is the Median Line of mini pitchfork the third is 20MA and the fourth one is 50MA. See the Green Oval.> Support is the lower Median Line of Andrew’s Pitchfork.
> RSI is 50.73.
#Caveat
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