ALM 0.00% 0.8¢ alma metals limited

bargain buy - will not last, page-10

  1. 3,091 Posts.
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    GP - some technical support exists in the 6 - 7c range. Plenty of work to do to achieve the upside breakout & trend change though, which is a price close above 24c. Fundamental analysis has proven an absolute disaster trying to project what this stock's price will do. Yet from a price perspective there are two things worth noting if we want to look for potential positives right here. One is that sellers do appear to be finally waning. And two is that this is one stock on the ASX that can move very quickly when it is ready. To the extent that it could easily travel from 8c to 12c in a single days trading . It needs more players to take an interest though, as without them it is easily capped.
 
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