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4.17%

11.5¢ core lithium ltd

Ann: Continuous High Grade Spodumene in Phase 2 RC Drilling, page-233

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Chris2184

10,750 Posts.

2301

06/02/17

11:47

Post #: 22395110
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Originally posted by ohreally ↑

10 cents is always a huge barrier to get over and maintain, nothing new there

lot's of people jump in when they think it's going to get over 10cents to try and pip trade the 5%+ per pip, but what usually happens is all those morons then stack the sell side the next few pips up which causes the price to often struggle to push and hold above 10 cents, and once it starts turning south instead while the buy side depth is shaky it results in many of those nervous pip traders bailing at a loss and pushing the price down even further.

Look at the prop @ .097 right now that is trying to help maintain the push, he keeps having to move his prop around to make sure he doesn't get hit.

Anyway FA wise the story is pretty good here, so those that aren't trying to pip trade should be right eventually

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I spotted that prop at 0.097, he shied away when price came back to 0.098 but has since returned.
I'd like to buy more but with a solid wall at 0.105 and a bit of a shaky buy side I think I'll wait for a small re-trace (if it happens)

CXO Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 11.5¢		Change -0.005(4.17%)		Mkt cap ! $246.4M

Open	High	Low	Value	Volume
12.0¢	12.3¢	11.5¢	$1.271M	10.81M

Buyers (Bids)

No.	Vol.	Price($)
68	6581582	11.5¢

Sellers (Offers)

Price($)	Vol.	No.
12.0¢	1291003	15

View Market Depth

No.	Vol.	Price($)
66	6529410	0.115
111	5849163	0.110
62	4189165	0.105
131	9802774	0.100
8	314408	0.099

Price($)	Vol.	No.
0.120	1291003	15
0.125	2692140	18
0.130	2114653	21
0.135	4394707	40
0.140	3519442	39

Last trade - 16.10pm 09/10/2024 (20 minute delay)

CXO (ASX) Chart

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