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
44.0¢ |
Change
-0.030(6.38%) |
Mkt cap ! $308.7M |
Open | High | Low | Value | Volume |
46.5¢ | 46.5¢ | 44.0¢ | $1.016M | 2.264M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 403490 | 44.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 17828 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 378490 | 0.440 |
11 | 255326 | 0.435 |
18 | 305012 | 0.430 |
7 | 101581 | 0.425 |
2 | 19200 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 17828 | 1 |
0.450 | 45763 | 3 |
0.455 | 68325 | 4 |
0.460 | 50000 | 1 |
0.465 | 102177 | 2 |
Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
44.0¢ |
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Change
-0.030 ( 5.40 %) |
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Open | High | Low | Volume | ||
46.5¢ | 46.5¢ | 44.0¢ | 1515906 | ||
Last updated 15.59pm 09/05/2024 ? |
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29M (ASX) Chart |