Hate to be the bearer of bad news but this stocks consolidation phase is NOT going to hold out. As great as the announcements are, can't expect demand when the stock has over 3B shares on issue, hence it's an incredibly slow mover. "Only 1B shares available for ASXers" yet despite a rising energy market TMK once again has 200 EMA Long term sellers.
Yes it has the ability to gain 100% but it doesn't happen in a day, more like a month+ plus the seller depth doesn't help when more and more supply hits buy orders etc so aslong as people have some realistic expectations then it's okay.
Just don't like people talking up beaten down stocks with zero indication on trend changes. It just suckers the naive. Still need to really wait it out before taking positions. They want to hit the large buy orders sitting at 0.008/0.009 with a sell wall at 1.1c putting the lid on its price appreciation. Good luck holders. Position not held, sentiment is whatever HOLD/SELL
Id start taking a guess that good news is bringing on sellers, and that buying will occur when there's NO NEWS whatsoever. Been watching this stock for close to 3 months now as there is FA potential, just not the healthiest chart. No but signal AT ALL On it for me personally. Good luck holders
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