GNM

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1.3¢ great northern minerals limited

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anatol

6,046 Posts.

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21/02/17

14:31

Post #: 22781054
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Originally posted by $dingo ↑

Resistance turns to support, so consider that.

However.. from MY experience with low cap stocks to mid cap... I have always seen anywhere for a few pips to a 50% retracement. GPP got to 4.4c the. Retracted back to the mid 2's.

So consider that this stock breaks up to 10c in the next couple of weeks. I automatically put 5c as my bottom support. I would even consider a 50% retracement as part to re entry if I was looking for that, assuming fundamentals don't change at all. With any rally there is always profit taking and a retracement.

Anatol with respect is on the side of caution.. because just a few weeks/months ago most novice retail traders were bagging him out cause they probably brought in the high 3-4 range and felt they got burnt when it had its retracement.

My opinion is however, what's a few pips if your considering holding for 12months to a few years?. Would I care if I brought in at 3c or 5c if I had a high probability of 2-3x bagger within 12 months? No. But that's just me.

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@$dingo
I agree with this comment "what's a few pips if your considering holding for 12 months to a few years?". However sometimes some guys are sucked in during a hype, then get very much frustrated when the sp pulled back. So, those guys who bought when the sp rising should be aware of the risk and hold without going into a panic situation during the pull backs.

Also I have added the you and @Fouad22 in the list. This is definitely the last one. Sorry no more.

GPP Price at posting: 4.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.3¢		Change 0.000(0.00%)		Mkt cap ! $2.010M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.2¢	$4.797K	373.9K

Buyers (Bids)

No.	Vol.	Price($)
1	229472	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	202325	1

View Market Depth

No.	Vol.	Price($)
1	229472	0.013
4	656438	0.012
6	1090997	0.011
5	1329995	0.010
2	433330	0.009

Price($)	Vol.	No.
0.015	202325	1
0.016	12803	1
0.017	227673	2
0.018	416660	3
0.019	250000	1

Last trade - 13.55pm 04/11/2024 (20 minute delay)

GNM (ASX) Chart

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