Had a look at the longer the weekly chart of NHC and there does seem a chance that it is failing at the descending trendline shown on this Market Matters chart. Not concerned about it and might well tack some more on if that's the way it goes.
Market Matters reaction yesterday
"New Hope Corp (NHC) $4.58
NHC +5.05% reported full year results today that were largely inline with expectations;
FY25 revenue was flat YoY at $1.8bn, inline with consensus.
EPS of A$0.50 (consensus A$0.49), Profit slipped as softer coal prices outweighed higher production.
NPAT fell 7.7% to $439m
The board declared a 15c fully franked dividend (down from 22c) and reintroduced a Dividend Reinvestment Plan, a move that excited some. Costs fell 8% y/y, with management confident they can hold the line if production targets are met.
Growth remains organic, with Bengalla and New Acland the key levers—though the 15Mtpa goal has slipped to FY29 due to logistics.
Overall, not a blowout, but a solid, capital-disciplined update. The combination of a clean beat at the EPS line, a fully franked payout, and DRP sweetener was enough to push shares higher today.
MM remains long & bullish NHC for income"