Totally. Sure some will cash out as and when able to lock in a profit. That is sensible for some. I do think some will exit principal and run profits though given a superb longer term possible upside here. Personally if I were day/short term trader I would leave some skin in the game but that is for others to decide themselves.
The base to plateau waves I refer to include your analysis of placement profit takers. I think that we are more likely to see moves higher before lower and then periodic pull backs from here where new holders/investors are likely to position. I would expect after the process you suggest occurring the medium average trends and daily volumes to increase if my scenario assertion is likely correct.
The premise remains a decent IOCG deposit suggestion followed by further follow up work seeing share price enter the 10c to 25c range at that point.
I have been known to have been totally correct in my analysis at times so let's see how this plays out.
JFI
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Change
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Mkt cap ! $7.945M |
Open | High | Low | Value | Volume |
0.5¢ | 0.6¢ | 0.5¢ | $500 | 95K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3341538 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 6089023 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3341538 | 0.005 |
12 | 16388359 | 0.004 |
7 | 6282000 | 0.003 |
3 | 2950000 | 0.002 |
3 | 4300000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 6089023 | 7 |
0.007 | 1779087 | 2 |
0.008 | 600000 | 2 |
0.010 | 200000 | 1 |
0.020 | 2500000 | 1 |
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