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Wednesday, December 06, 2006

HCY - (ASX)

For variety Chart Chat has selected another small cap stock for readers of this report. HCY has been bottom browsing for several years as this weekly chart shows. However momentum seems to be building with rising lows (arrows) and a bullish relationship between the MACD and Stochastics. With volume on the rise reflecting an increase in buyer support a break of $0.021 would support a price of $0.04. HCY will meet some resistance at the $0.03 level.