29M 4.71% 44.5¢ 29metals limited

@Eclectic_nishContinuing on from our 29M discussion last month....

  1. 6,141 Posts.
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    @Eclectic_nish
    Continuing on from our 29M discussion last month. Post #:64584021 FA wise todays ANN has negated 29Ms operational margin superiority. See point 3 below.
    https://hotcopper.com.au/data/attachments/4927/4927185-7220642f6a2dda87fd8d6881f5c458db.jpg
    On the TA, holding on the the $1.80 this morning is a good signal. Will wait the next few days to see if it holds and is the level to watch if you are interested like I'm.
    https://hotcopper.com.au/data/attachments/4927/4927201-d16918f97e573c975828769319b2e1d4.jpg
    The flag broke to the downside this morning. So little probability of a dead cat bounce today but maybe tomorrow at the open....
    https://hotcopper.com.au/data/attachments/4927/4927206-f8952876992da9c6d02900ad328258e9.jpg
    Watch out though the short interest thus far is higher than what I would like. There will be plenty joining in to coattail after todays action.
    https://hotcopper.com.au/data/attachments/4927/4927213-c75aa63e34caaa615915da2131e78746.jpg
    Not sure if its well priced at $1.815 for a longer term hold just yet as this lacks the track record thus far. Happy to take a nibble at $1.815 on speculative trade and bet that the $1.80 holds.
    https://hotcopper.com.au/data/attachments/4927/4927222-65337d6374d15358024c3403f70d8a1f.jpg
    Last edited by Exised: 22/12/22
 
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