Morning all. @gassed Great buying? That is also my sentiment mate. I don't want to influence one way or another but looking at the chart and then adding the incoming news and what potential that could have, I see a very significant launch pad that has already developed here.
The indicators on the TA show me that things could be just getting started. Moves like this can often see a revisit to the 200ma which is the Purple line. We didn't get that low and from here we could see a Bull stack very soon.
The white line on the left is the first wave. The line to the RHS of that is the same move multiplied by 1.618 to represent the short wave 3 after this retrace. The target for a short wave 3 is 34c. If and I repeat IF, we see a 2.618 long wave 3, that would stretch out to 50c. Let's be realistic and ask ourselves, "How good would that news have to be to reach a target and hence a mc like that"?
We have lots of potential sp moving news incoming, so, take your pick. Marwari, GW, further AC results on multiple targets including that larger anomaly to the Nth of Marwari and the zinc drilling. There are so many that we are spoilt for choice. I did top up at mid 8's so I am happy to be holding a decent parcel here.
Fingers crossed and I am vey optimistic about future.
Kind regards, Wack.
STK Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
