SOR 2.00% 4.9¢ strategic elements limited

If it closes today on highs and on good volumes then typically...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,416 Posts.
    lightbulb Created with Sketch. 302
    If it closes today on highs and on good volumes then typically that is a signal for day traders so they could come in. So I imagine the spike will be short lived but not that short lived. Whilst the SP did get down to .15 that was only a few days. The vast majority of traders will have bought over that price. My guess is that we have some way to run before the correction. If this gets mainstream media attention then it could be very positive.

    I could be wrong for sure no crystal ball but as for value if you use a bio style model of market times % chance of success then most analysts would have to come to around 2 or 3 times current SP assuming 5 % chance which is a total and reasonably conservative guess. Still I will hold cause I'm pretty much at my average. So hold from me but its just a bite. If this pops I can pyramid buy and keep an average well lower than market to account for any pull back.
 
watchlist Created with Sketch. Add SOR (ASX) to my watchlist
(20min delay)
Last
4.9¢
Change
-0.001(2.00%)
Mkt cap ! $22.97M
Open High Low Value Volume
4.9¢ 4.9¢ 4.9¢ $771 15.73K

Buyers (Bids)

No. Vol. Price($)
6 179258 4.8¢
 

Sellers (Offers)

Price($) Vol. No.
5.1¢ 100000 1
View Market Depth
Last trade - 13.02pm 01/11/2024 (20 minute delay) ?
SOR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.