I’m no mining expert, but from a Ta point of view, it’s got a less than 10% downside risk
- (.225 as a double bottom is where I’d expect it to touch if current support around 24 doesn’t hold) given it’s been through pog 2060-1780, vaccine news & the constant sell off thanks to .27 CR as well as general market sell off a fortnight ago) throughout the last 4+ months to hold on to 22.5 (which in itself was brief by the wick),
a decent 60% medium term swing trade to .40ish (allowing me to free carry the profit as investment) which in itself is still 30% off the ath so fairly achievable on a couple good anns (when market sentiment changes ofcourse as all prev anns have been solid from what I’ve learnt off those in the mining know how).
will take a -10% vs +60% risk reward swing trade any day. Screams a buy for me at current prices (I have some at mid 20s & would look to add more in case 22.5 happens - not a necessity ofcourse as could start uptrend towards 40 tommorrow itself for all we know). Hopefully pog/sentiment in sector+ann timing work out eventually. Long term ofcourse it’l be a beast when in production but even from a traders persoective, it’s a time to buy/hold right now & not panic sell.
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2.8¢ |
Change
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Mkt cap ! $41.62M |
Open | High | Low | Value | Volume |
2.8¢ | 2.8¢ | 2.6¢ | $21.70K | 808.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 42210 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 772872 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 363731 | 0.026 |
3 | 452280 | 0.025 |
2 | 60000 | 0.023 |
1 | 30000 | 0.021 |
1 | 200000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 772872 | 1 |
0.029 | 12978 | 2 |
0.030 | 141701 | 1 |
0.031 | 119460 | 2 |
0.032 | 140625 | 1 |
Last trade - 14.34pm 02/08/2024 (20 minute delay) ? |
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