A chart displayed on Big Charts today has given some analysts cause for discussion about when Resource Stocks are going to come back into favour again.
The chart shows the low point for Resource Stocks during the Global Financial Crisis in 2008, and today the Resource Stock Sector is currently approaching that same low level.
As seen by the chart there was a dramatic turn around after the 2008 low point, and plenty of profits were made. Now the question is, as Resource Stocks approach that same low point, when will sentiment turn, and opportunities arise to buy cheaply again and make some profits?
Some analysts believe that perhaps in the next 1 to 3 months sentiment will turn for Resource Stocks, including Gold stocks, and their share prices will rise significantly. Already some of these analysts are putting out "accumulate" sentiments for specific Resource Stocks.
Hopefully these 3 variables will soon all come together in ABU's favour! Renewed positive sentiment for Resource Stocks, higher Gold prices and ABU officially beginning its trial mining!
The vibes are building for another announcement from ABU in the next week or so! This may help to spur the share price on again!
Go ABU!
The chart shows the low point reached by the Resource Stocks Sector in 2008, and how it is currently approaching that same low level! Will there soon be a turn around in sentiment?
A chart displayed on Big Charts today has given some analysts...
Add PRX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.353M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $525 | 175K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 27348360 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 16751194 | 20 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PRX (ASX) Chart |