The drop below the 50 is concerning but you only have to look back to mid-Dec and late- Jan to see that it can flirt with the 50 (EMA in my case) and rebound strongly soon after. This sell off is well overdone and I think the overnight softness in gold is very short-term.
I'm looking to add to my trade and I expect a bounce back to mid 490s quite quickly. There is far too much interest in SBM from a M&A perspective for instos to not take advantage of this weakness.The business is solid and gold is set for major moves. No brainer that this will bounce from the 50 IMO.
The drop below the 50 is concerning but you only have to look...
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SBM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
21.0¢ |
Change
0.005(2.44%) |
Mkt cap ! $171.7M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.5¢ | 20.0¢ | $1.033M | 4.950M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 65150 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 926460 | 17 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |