Pretty heavy resistance just under the 30c mark. You can see from the weekly chart below that this turned today right on the resistance line. Will it hold is the question. Buyers are supporting the move and the money flow is trending nicely upward, however I would think this stock will consolidate at the 27-30c mark for a few days. After that it might make a move into the 50's.
Drilling and ann's aside, the recent move has surely been helped by impulsive buyers after the reporting in the media (esp. The Australian) on Chinese and Uranium, plus speculation on uranium prices (that are/have been falling).
Is it time to take a little profit for the Short-termers? I think so. Good luck.
**break out ** now 23.. further upside 30%, page-14
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.14M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.3¢ | $32.93K | 244.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 171849 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 41153 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| EMC (ASX) Chart |