BKT 3.70% 5.2¢ black rock mining limited

What I am currently looking at on the daily - Short term price...

  1. 4,959 Posts.
    lightbulb Created with Sketch. 2805
    What I am currently looking at on the daily -

    Short term price action has cooled off to move back into the 22c - 19c price range. Price action needs to close back above 22c for the door to be open for a test of the recent highs. If price action was to close below 19c, then 17c may see action as the next level of support.

    RSI has cooled right off and would likely print an oversold reading if the 17c level were tested. Worth noting that RSI doesn't need to print an oversold reading for a substantial uptrend to begin as seen earlier in the year. Stochastics are oversold, however can remain here for a little while yet. MACD Jaws wide and back to the 0 control line. I would like to see it settle around here and not take a further leg lower into negative territory.

    We are well aware of the pending price action that will generate value for the company. I personally think this weakness back below 20c is presenting a nice opportunity to accumulate further prior to this significant news + much more being delivered for the company.

    bktc.jpg
 
watchlist Created with Sketch. Add BKT (ASX) to my watchlist
(20min delay)
Last
5.2¢
Change
-0.002(3.70%)
Mkt cap ! $65.10M
Open High Low Value Volume
5.4¢ 5.4¢ 5.2¢ $12.13K 225.5K

Buyers (Bids)

No. Vol. Price($)
1 12475 5.2¢
 

Sellers (Offers)

Price($) Vol. No.
5.4¢ 384883 4
View Market Depth
Last trade - 15.53pm 06/11/2024 (20 minute delay) ?
BKT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.