SVM 8.27% 72.0¢ sovereign metals limited

Break out imminent, page-22

  1. YLJ
    819 Posts.
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    https://hotcopper.com.au/data/attachments/3776/3776380-528ff0061c712b75f97eb430aceaef18.jpg
    Been a while since I posted on SVM & chart threads here seem to have died out...
    SVM broke out of a bullish wedge on 26/10 with well above average volume.
    It has now consolidated on declining volume and looks to be forming the right
    shoulder of an Inverse H&S. I took a top-up on the break of the wedge and will
    add again if the neckline is broken on good volume.
    H&S target is circa 0.71 & that of the wedge 0.78
    I am not a primarily fundamental investor, but I was willing to risk some open gains
    and give this more room than usual as the resource here is phenomenal, as indicated
    by the Sprott reports containing language the likes of which I have never seen.
    I'm hoping we are about to see some action again and the technicals look primed for
    it... My long-term stop remains below the weekly swing low at around 0.35c, but should
    this break be confirmed I will be finally moving it up...
    GLTA
    Last edited by YLJ: 10/11/21
 
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Last
72.0¢
Change
0.055(8.27%)
Mkt cap ! $424.2M
Open High Low Value Volume
69.5¢ 72.5¢ 69.5¢ $241.4K 340.1K

Buyers (Bids)

No. Vol. Price($)
2 5060 71.5¢
 

Sellers (Offers)

Price($) Vol. No.
72.5¢ 13034 2
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Last trade - 13.22pm 11/07/2024 (20 minute delay) ?
SVM (ASX) Chart
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