BIG Chart, page-577

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Ryzie

3,795 Posts.

1980

21/11/17

16:54

Post #: 28992347
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Originally posted by Womtrade ↑

IMHO in charting terms you can throw the charts just about out the window as they are that far off the fundamental value of this company its not even close. Hence the reason why we see quick and sharp pullbacks so low lying fruit is not available for too long.

Closing the gap today was very significant as gives the chart even more strength, not like the chart needs it though.

I'm with @avagadro on this one that a significant push through $5 will have to occur this month if it's to try and keep up with the fundamentals of this company. And potentially we could get another cash revenue guidance update for Q2 in the first week of December just to throw another cat amongst the pigeons.

4 key points from today for me where:

1. Early tree shake on minimal volume to trigger some stops imho is a great sign moving forward as instos trying to shake out weak hands. Imho when tree shakes are quick a violent but return to normal trading patterns quickly it's a fairly good indication imo that someone big wants your holdings.

2. Gap closed

3. Bullish hammer

4. Highest close for the company.

Anyone else have an opinion moving forward?

GLTAH and think BIG

Expand

Spot on with point 1.

I love seeing these tree shakes. It's a very positive sign of how precious these shares are. It's honestly something I look for when buying. If I can see action like that I am happy to lose in the short term to win BIG in the long term.

BIG Price at posting: $4.79 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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BIG Chart, page-577

Top Stories

Westgold sets its sights on top five producer status through merger with Karora

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

GreenX picks up prospective copper project in Germany

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Is oil undervalued?

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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