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21.0¢ talon energy ltd

Thanks Lethal, chart for STX confirmed my fears. Spud of SE...

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Justadabble

9,601 Posts.

3227

18/08/23

19:28

Post #: 69426398
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Originally posted by Lethal70: ↑

I don't think its an issue yet.
There's no doubt imo there was buying into TPD and then selling of STX that created weakness in STX SP.
Bit interesting is the short positions in STX are reducing which would actually support the SP.
Testing support at 39.5-40c and hitting 200ema
Could hit bottom of the channel at 36-37c which may or may not be ideal depending if the deal starts to look average and we are in production.
Could also see it breaking above the short term trend line on production news and heading to the top of the channel.
Our chart is interesting breaking out of the triangle and pausing between the 19-20c resistance lines. I can see it getting to 24-25c which would require either production and STX rising or Mongolia sorted. If both happened to be sorted in a timely manner then no reason why we cant be near 30c (25c STX and %c Mongolia) but thats my rose coloured glass version.

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Thanks Lethal, chart for STX confirmed my fears. Spud of SE probably first news, then initial flow at Gurvantes, Walyering a long gap back to third I reckon. People talk SE drill up but I held STX through maiden SE drill and it did not translate to gains. Will do a deeper dive on that over weekend I think. Thanks again.

TPD Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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