AUZ 0.00% 1.3¢ australian mines limited

AUZ - chart, page-1971

  1. 7,557 Posts.
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    There’s no volume in these past few sessions where the SP tumbled indicating it may be a fake out or the spring. Also, you seem to have ignored the sharp tick up in the oscillator in the most recent period. The last time the CMF was at these lows and ticked back up so sharply we saw rapid SP appreciation.

    I think that due to the SKI deal and the US volatility spaz out in Feb, the accum/dist phases may have been reset and we saw the commencement of a new accumulation phase after the offtake deal was announced. Was certainly a rerating event IMO.

    I guess time will tell. If either of knew for sure, we’d be betting the farm on the outcome. But who the hell knows where it will land.
 
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