EHR 0.00% 0.3¢ earth heat resources ltd

chips or choclate, page-22

  1. 2,466 Posts.
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    Just checked the last 3B. 677k shares on issue. Current sp is 2.4c. Mcap is just over $16m.

    For those who try a bit of technical analysis: 2.5c support was broken yesterday with the 2.4c close. 2.0c is the next support (I shudder to think of it). MACD about to cross over the signal line (on positive sp movement, otherwise will continue to drift lower). RSI = 34 and drifting lower. RSI dropped below 30 two weeks ago when the sp touched 2.3c. If it double dips below 30, and recovers (most important), this is generally taken as a bullish sign of a trend reversal.

    Mind you, it will take a lot of bullish action to see the sp in a range that I'm happy with.
 
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