STTCOMP ZYB, TA Long
Secure mobile solutions
SOI: 620M (263M listed options ex price 1.2c expiry 31/10/19, unlisted - 28M FPO's. 30M options, 80M exchangeable shares)
MC: $5.2M
Cash: $1.4M approx.
EV: $3.8M
Daily chart - On-balance volume is getting off the chart and not many are willing to part with shares at 0.7c. MACD and signal are trending down which suggests to me we'll see the last of the weak hands leave this week and/or next. 50MA/200MA golden cross recently and 50MA/100MA cross not far back too. Technical traders must be eyeing this one off.
Weekly chart - MACD just poked it's head above 0. OBV still impressive since March this year but that may also be skewed by some trapped holders at higher prices. When it starts moving, 1.2c would be an ideal first target.
- Forums
- ASX - Short Term Trading
- Short Term Trading Thread: Week Starting 13 Nov
Short Term Trading Thread: Week Starting 13 Nov, page-102
-
-
- There are more pages in this discussion • 364 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
SPONSORED BY The Market Online