S2R 4.35% 12.0¢ s2 resources ltd

After almost 2 months it's looking more likely we have washed...

  1. 2,396 Posts.
    lightbulb Created with Sketch. 1822
    After almost 2 months it's looking more likely we have washed out those momentum destroying CR shares that was announced on the 12th Dec 23...
    The real final rinse was on the 23rd Jan 23 when volume increased and we fell to that low of 0.135c...
    That stopped on the top of the gap created with the Landowner agreement being announced on the 4th July 23...
    We tested that again on 29th Jan
    No volume today until late afternoon and closing at 0.15c on only 59k share volume....
    Really need to get above 0.165 that was very strong support before the latest DD results that sent the share price plunging through it....
    Been involved in many CR's as most here would have also and it usually takes 2 to 3 months to start a recovery and to get back above the placement price...
    A falling wedge pattern has been created (and the initial breakout retested) since the media article sent the price to 0.205 cents and then the CR announcement and later exploration results falling to a low of 0.135c that has a target price of 0.18c which would be enough to break this latest downtrend for good = GL

    https://hotcopper.com.au/data/attachments/5925/5925495-f91bdc3f0c8f9710e4d916b29d76c907.jpg


 
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12.0¢ 12.0¢ 11.5¢ $35.75K 305.9K

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Last trade - 16.10pm 13/05/2024 (20 minute delay) ?
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