C7A 0.00% 1.1¢ clara resources australia ltd

Ann: Commencement of Granville Expansion Civil Works, page-290

  1. 416 Posts.
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    Quick recap of what my chart is saying:
    Looks to be a weakening of the current downtrend with what we call a "Homing Pigeon" on the candlestick chart. Potentially means 1.5c will be our absolute bottom unless something horrible goes wrong. I don't see any indicators for a reversal unfortunately but we do have some medium sellers/buyers from yesterday, 1M+ chunks being thrown about the 1.7c range like it's a food fight. Sell side showing signs of weakening, Buy side liking the 1.7c mark, maybe getting a taste for 1.8c soon if shares dry up at that price.

    VWAP at roughly 1.66c now and stable for the past 2 days. Accumulation/Distribution curve showing strong accumulation now along with RSI still oversold. Although this doesn't predict the future it does show a tightening of shares @1.7c which is our battleground for the time being. Hopefully should sit around here until the Quarterly.
 
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