I had my finger on the buy button the minute the price struck 3.09, but the depth of the candle had me hold off to see if the strike is a 2.97 support, as you mentioned.
Shorter term coal futures showed a slight flattening but still trending down, however unit costs per tonne must be getting close in this economic carousel, and buyers may simply have to pay the elevated prices, or there could be no supply forthcoming.
Can't remember now, but was 2.80 the .618?
If so, you would expect some strong interest around that price point, AND if it reached this level after the US data on good Friday, plus the quarterly rebalancing, it would appear that this is almost a goldilocks confluence around that level...
- Forums
- ASX - By Stock
- Ann: December 2023 Quarterly Activities Report
I had my finger on the buy button the minute the price struck...
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SMR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.16 |
Change
0.060(1.94%) |
Mkt cap ! $2.848B |
Open | High | Low | Value | Volume |
$3.12 | $3.19 | $3.06 | $2.826M | 897.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 24530 | $3.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.18 | 15076 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 24530 | 3.140 |
3 | 11756 | 3.130 |
3 | 11437 | 3.120 |
2 | 11437 | 3.110 |
3 | 12437 | 3.100 |
Price($) | Vol. | No. |
---|---|---|
3.180 | 12439 | 2 |
3.190 | 32568 | 5 |
3.200 | 9384 | 2 |
3.210 | 33211 | 2 |
3.220 | 34384 | 3 |
Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
Featured News
SMR (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
SPONSORED BY The Market Online