HL appears to have been consolidating in a bear flag continuation pattern. While a minor reaction off the gap support around the 5.20 is possible, I still favor a continued move down to the final target, T3 at 4.87. My expectation is that HL won't mount a meaningful (i.e.- swing tradable) reversal until bullish divergences are in place on the 60-minute time frame, similar to the scenario drawn on this 60-minute chart (with a comparable move/scenario on SIL- Silver Miners ETF).

HL 60-minute Aug 29th close

HL 60-minute Aug 29th close