This one crossed my radar on the weekend when I noticed that its MACD had turned positive and that it seemed to be forming a large ascending triangle. I put in a bid at 16 yesterday, but missed it; raised to 17, missed it again. Today, with the gap and break above resistance at 18 on very high volume, this seemed to be a pretty strong buy signal so I bit the bullet and bought at 20, with an initial target of 28 cents.
I also like the fundamentals (as I understand them): with a miner that's already producing, claims to be generating A$ 100 million in revenue per annum on 492 million shares, with a mine life of 4 to 9 years.
on the launch pad, page-3
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Last
6.7¢ |
Change
-0.002(2.90%) |
Mkt cap ! $8.067M | |||
| Open | High | Low | Value | Volume |
| 6.7¢ | 6.8¢ | 6.7¢ | $16.09K | 238.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.4¢ | 105000 | 1 |
View Market Depth
| Last trade - 15.40pm 25/07/2024 (20 minute delay) ? |
| CBH (ASX) Chart |