The fundamentals for EQUATORIAL COAL are looking OK.
Money in the bank and producing coal starting this september and shipments expected Q4.With the understanding that EQX will be cash flow positive by years end.
Added to this was the fact that on 22/01/08 the SP closed @
0.15 cents.Yesterday 25/09/08 the SP also closed @ 0.15 cents.I would suggest the chart is indicating a very clear double bottom.9 months is a good length of time between lows.I am therefore cautiously suggesting a trend reversal.
The confirmation will of course be an eventual close above 0.365 cents which was the previous high in between the double bottom.I also bought 110000 more @ 0.155 cents.
Surat
- Forums
- ASX - By Stock
- EQX
- a trend reversal
a trend reversal
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EQX (ASX) to my watchlist
(20min delay)
|
|||||
Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.77M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.125 |
1 | 36131 | 0.120 |
1 | 4762 | 0.105 |
1 | 100000 | 0.100 |
1 | 8000 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 10000 | 1 |
0.150 | 58000 | 1 |
0.155 | 69999 | 1 |
0.170 | 1509991 | 9 |
0.175 | 97463 | 1 |
Last trade - 16.12pm 11/10/2024 (20 minute delay) ? |
Featured News
EQX (ASX) Chart |
Day chart unavailable