ASE 3.33% 2.9¢ astute metals nl

breakout to 1.4! where's the dumper gone?, page-8

  1. 1,715 Posts.
    Not many DTers on this one IMHO. Most buys since 0.8c were wipeouts leaving little time for DTers to react. Iv been saying this for a while, there's a big buyer here, who patiently waited when the 2 big sellers initially emerged. Now the buyer is showing its agressiveness. Very agressive indeed. Volume, wipeouts, EGM & 2nd tranche to be issued, what more smoke signals does one still need???

    This one is very very smoky ATM, but not running hot yet. Best time to get in before it runs hot IMHO.

    Btw Unhedged, I wouldnt call the break to 1.4 a breakout lol. Techinically 1.1 has a lot more techinical significance than 1.4, hence why I did a chart over the weekend showing the possibilities after breaking 1.1. And u can also see the aggressive buying (usually happens with a breakout) after 1.1 is broken when there has been solid consolidation around 1.1c for a while. But still quite pleased to see a big chunk removed from 1.4, all part of moves towards 1.6 & 2c.

    GL all
    JL
 
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