blacks, if you look at the chart you will see a huge congestion area going back around 2 years between around 42 to 60 cents. This whole band should provide solid support. In the absence of any bad news, any spikes down below 60 should be short-lived and provide good buying opportunities.
Of course, if there is any good news or a big jump in the pog, it could go straight up from here.
I don't know the company well enough to say what the likelihood of good or bad news may be, but if you have confidence in the fundamentals, it seems a reasonable buy at current levels from a risk-reward point of view.
But it may not yet be quite at the bottom, and some of the technical indicators are weak at the moment. That's to be expected given the price weakness, and it is also true of all the gold producing midcaps I track, except DOM. The large caps are starting to move, and the juniors should follow if the POG cooperates. Good luck.
- Forums
- ASX - By Stock
- SBM
- anyone keen to predict
anyone keen to predict, page-23
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SBM (ASX) to my watchlist
(20min delay)
|
|||||
Last
46.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $376.4M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4200 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 5667 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4200 | 0.460 |
2 | 45000 | 0.450 |
1 | 1150 | 0.445 |
1 | 3000 | 0.440 |
5 | 85101 | 0.435 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 5667 | 2 |
0.425 | 24150 | 1 |
0.440 | 1350 | 1 |
0.445 | 1050 | 1 |
0.450 | 57963 | 7 |
Last trade - 16.17pm 04/11/2024 (20 minute delay) ? |
Featured News
SBM (ASX) Chart |
Day chart unavailable