Good Post @Samscout
My observation is accumulation is still going on.
Based on the chart below, in the next 45 -60 days the share price should be 8-12c higher than today's price which is 345-360 million market cap for a 215K + established producer with 95-100 Million cash in the bank and no debt.
In the last six months every time the symmetrical triangle has resolved a breakout higher.
Seller come at rising level but buyers overcome sellers in approximately 45-60 days.
Rising support line has been clearly defended and respected most notably so far.
We are now at the cusp of this current triangle resolution. I can't think of any reason why it should break down unless I wake up tomorrow morning to see gold at USD $1200.(Very unlikely)
I am doing nothing with my holdings.
No exit plan so far as I belief higher prices ahead.
All the best Guys.
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Last
$1.96 |
Change
0.013(0.64%) |
Mkt cap ! $2.247B |
Open | High | Low | Value | Volume |
$2.00 | $2.01 | $1.95 | $7.107M | 3.602M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 32464 | $1.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.97 | 64294 | 42 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 10755 | 1.960 |
19 | 100778 | 1.955 |
21 | 144337 | 1.950 |
17 | 96068 | 1.945 |
18 | 133303 | 1.940 |
Price($) | Vol. | No. |
---|---|---|
1.965 | 64402 | 41 |
1.970 | 85689 | 14 |
1.975 | 67823 | 10 |
1.980 | 398112 | 16 |
1.985 | 21038 | 6 |
Last trade - 15.50pm 12/07/2024 (20 minute delay) ? |
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