SUM 10.5% 34.0¢ summit minerals limited

Wrong! Wrong! Wrong!Here is my prediction only if the news is...

  1. 3,793 Posts.
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    Wrong! Wrong! Wrong!

    Here is my prediction only if the news is above average. Gower knows how to present these company announcements, so we are all expecting something special.

    Gap up on the open, unlike last time, which was selling into news.I think it will finish up in the high 60s. Here is why!
    On the last four days, we had 55 million shares go through that's a lot for a company with only 67 million, so we found a new base around these levels.Top 20 probably hold 25 to 30 %.
    The interesting bit was the red day a high 54.5 and a close of 44 for me that was the profit takers and T2 traders flush out day because it was exceptionally high volume day and it finished lower down 4.
    The next day, we went on hold traders were looking for a deeper pull back, but it didn't happen, so they started to buy back in they panicked FOMO set in.
    Many didn't get back on the train and now will try to buy back in at higher prices it was a good time to call a T.H.
    Another masterful stroke by Gower with the help of the ASX.
    Yes, they will be buying & selling, trying to make a quick buck, but supply is low, pushing it higher faster. we also have existing holders topping up and new traders and investors coming aboard.
    Some profit talking may occur on Tuesday.
    Either way, this week should make a few millionaires.


    20/06/20240.4350.5500.4300.5000.06013.6411,707,047
    19/06/20240.4800.5450.4400.440-0.050-10.2018,277,326
    18/06/20240.3950.5150.3750.4900.08019.519,041,248
    17/06/20240.3850.4650.3850.4100.0256.4916,413,204

 
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Last
34.0¢
Change
-0.040(10.5%)
Mkt cap ! $20.60M
Open High Low Value Volume
36.5¢ 38.0¢ 31.0¢ $3.427M 9.933M

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No. Vol. Price($)
1 33829 33.5¢
 

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Price($) Vol. No.
34.0¢ 15793 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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