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Why are we falling?, page-24

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cjbjb2702

7,642 Posts.

178

30/08/16

14:42

Post #: 18794829
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Originally posted by happy Hippy ↑

I think we are seeing a turn this afternoon. We overshot the mark for sure with $1.15 but think now we have overshot the correction. If we were around $ I thought we would not get to big a spike on first pour news as to an extent was priced in at the price. Not now...if we are around this level on the news then a 10 spike is on for sure.
I did note in the presentation on the 24th the word used for when the first pour was due was 'imminent' as opposed to 'within 3 weeks' or other specific terms used in the past. Probably just me being nervous as I have a fair bit of skin in the game.

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Sorry Hippy,
But today I'm going play the devils advocate. I don't see a turn coming yet.
The price has dropped down below the 50day moving average and support appears to be at about 80c (first stop) then .77c (second stop).
Unless we get news soon I think we might test the 77c mark soon enough!
Black betty on hold!

BLK Price at posting: 82.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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