SFX 5.15% 35.8¢ sheffield resources limited

Welcome to the old ship SFX. Battered by many a storm, run...

  1. 2ic
    5,710 Posts.
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    Welcome to the old ship SFX. Battered by many a storm, run aground by the previous captain, repaired and re-floated back on track towards our destination of producer by the new one (part time, well paid, well credentialed). After almost a month with no posts, was starting to feel like the Mary Celeste...

    Not sure about your "chart on way up" call? On the hourly we are becalmed around 50c after being crushed back to the CR price early March.

    https://hotcopper.com.au/data/attachments/5277/5277218-e24b6b25ceb07cbc30bf7ab91d8c48df.jpg
    On the daily, we are sitting at a ominous looking uptrend almost daring someone to jump over and start a stop loss panic? Support at 40c below and 30c below that over the very long term. A few catalysts could precipitate that fall over next 6 months, fewer still that drive it back to the 65c resistance imho. Hopefully the build-ramp work out to plan, global downturn doesn;t hit min sand prices too hard, and the changing seasons see us pick up fair tailwinds northwards once more.
    https://hotcopper.com.au/data/attachments/5277/5277227-d70fdb1dbe2ac9c65895a7bf06b19da5.jpg

    GLTAH
 
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Last trade - 13.28pm 06/06/2024 (20 minute delay) ?
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Last updated 13.36pm 06/06/2024 ?
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