EXR 0.00% 5.6¢ elixir energy limited

Between @Glyndwr @westsurf and myself there seems to be...

  1. 976 Posts.
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    Between @Glyndwr @westsurf and myself there seems to be consensus from a TA perspective that the next move will land us anywhere between 26c to 30c for starters.

    My thoughts, the SP is in the process of forming a pennant. The move from 2c to 18c took about 13 weeks. If we see a similar move of 16c from the 10c level beginning on the 30 Nov candle then at some point before 1 March we might see SP at the 26c level. See Pennants (thepatternsite.com)

    Depending on what drives the next move we might overshoot / undershoot. If the Contingent Resource is a stonker (tech term for bloody big) I think it's probable is we overshoot, pip traders take their profits, we retrace/consolidate, but we become well and truly a target for institutional money, but hopefully not TO just yet.

    I see you enquired about the recent SP move on another thread. Apologies if telling you how to suck eggs, but take the time to read the last few ASX announcements (excl options anns.) and these threads, including solid work by @OilGasPlanning @WatchNact and many others. The next price sensitive announcement will IMO be the release of the Contingent Resource, to a lesser extent the operational/drill plan for 2021.

    Take all the above with a grain of salt, EXR is a buy and hold for me, I'm not trading it, and I'm new to CSG so coming up to speed.

    Good luck, and congratulations on the 3.7c entry

    https://hotcopper.com.au/data/attachments/2802/2802978-3b0297e0863504506209953bdfaf0295.jpg
 
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