Short Term Trading Week Starting: 8th May, page-163

STTCOMP QIN, TA Long

Australian producer of Sandalwood Oil
Market Cap $179.5m @ 46c, Cash $90m

After a 'curtain dropping' fall the share price bounced at 36c just shy of long term support of 33-34c on the monthly.

Today's high volume candle with its long bottom wick shows rejection of lower prices and buying appetite coming in at this range. RSI oversold. Bounce trade for the brave (and/or possibly foolish?).


On the FA side they have governance issues and some strange puts however still have a lot of tangible assets if you value the trees.