I project a similar target of around 65c but I think it's possible to go higher. After breaking out of that falling wedge we could be looking at an inverse head and shoulders that may play out on the second run on an Elliot Wave. The 3rd run is usually the greatest on mining and exploration stocks, I too believe it will form a flag but it could project higher to challenge the high of 79c which is the roof of a $250M MC valuation based on current SOI and the Elliot Wave theory.
Took my first entry today to catch the bottom of the right shoulder, will add to my position on the break of the neckline if it goes on to play out as I've plotted it here.
Comeon DEV, page-22
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Last
28.5¢ |
Change
-0.010(3.39%) |
Mkt cap ! $125.7M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.3¢ | 28.5¢ | $79.58K | 275.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 38381 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 15000 | 1 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| DEV (ASX) Chart |