The trend from a simple CommSec chart looks like it will hit 11 cents by April. This would be an attack on the January high share price. I am not a chartist but it looks like the downtrend is broken and cxm is currently in an uptrend. This is assuming the trend maintains an upward direction of 45 degrees. I think it might come down a bit to the low 8 cent range to stay in contact with this 45 degree uptrend.
Fundamental analysis does match the chart prediction as the company is currently drilling and has the money to progress to scoping study and even pre feasibility study.
I think the stock would likely go faster than a 45 degree upward trend as the company releases drilling results and scoping study's by April next year. Also nothing goes up in a straight line and as news approaches, more speculators will be interested and this will push prices higher at a faster rate. Having said all this , 2016 will likely be the year of "the crash that had to happen". Strong cash in bank will ensure this company is not ready to be wiped out or shut up shop if a bear market occurs.
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- Ann: 2015 AGM Presentations
CXM
centrex limited
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.74M |
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