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
37.5¢ |
Change
0.025(7.14%) |
Mkt cap ! $263.1M |
Open | High | Low | Value | Volume |
36.5¢ | 38.5¢ | 36.3¢ | $611.6K | 1.642M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 26454 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.5¢ | 104452 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 13142 | 0.370 |
2 | 10055 | 0.360 |
2 | 58169 | 0.355 |
3 | 183537 | 0.350 |
2 | 50000 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.385 | 48511 | 3 |
0.390 | 90000 | 2 |
0.395 | 170000 | 1 |
0.400 | 8911 | 1 |
0.420 | 61770 | 3 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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29M (ASX) Chart |