There's a gap sitting between 41 and 43 since the 14th. I haven't seen a 29M gap left open yet..but I've only been here a couple years.
I've been trading it since last year to bring my average down - yes, I got caught above $1.80 before it all turned to mush. My average is now much better but still a paper loss.
My thoughts is 29M will be back on track and I'm bullish copper so if a few things go well for management and we solve our issues then we'll be back on track and fingers crossed in perfect time for copper run. TBH, it's a very hard one try pick the bottom, every time I've tried, it's done what I wasn't prepared for. EG, when we were down at 20, I placed a sell order at 77 about a week before it ran..the morning it ran, I thought woo hoo we're back baby..so I pulled the order. Guess you know how that panned out.
One thing that gives me confidence is our large SH still willing to support and buy. I don't have the resources or information to do the research they do.
Anyhoo. If you think 29M has a future, my suggestion is buy small parcels and average - unless you're also trading in which case you know the deal.
Good luck with your investment/trading mate. and a little chart to show the gap.
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Last
43.5¢ |
Change
0.010(2.35%) |
Mkt cap ! $305.3M |
Open | High | Low | Value | Volume |
42.0¢ | 44.0¢ | 42.0¢ | $654.0K | 1.512M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 27987 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.0¢ | 133084 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 27987 | 0.435 |
2 | 40052 | 0.430 |
4 | 51396 | 0.425 |
8 | 162456 | 0.420 |
7 | 123060 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 133084 | 13 |
0.445 | 49967 | 3 |
0.450 | 78906 | 6 |
0.455 | 80903 | 5 |
0.460 | 131843 | 9 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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29M (ASX) Chart |