“From low 31c jumped to 68.3c is too much. Opes Prime still hangs around SLA neck. SP will fall further. Chart looks sick. Test 0.618 ratio:
68.5 - 0.618(68.5 - 31) = 45.33 = 45c
If can't hold @ 45, may be back to 35 or 31 again. Still a long way for sla to make any money. Looking at UNI, VCR,....; SLA is very much over price. Should be between 20 to 30c. If ANZ starts to off load more shares, sla may drop below 20. Who knows?�
Directors and big boys borrowed lots of $$$ from Opes and pumped sp up, causing great loss for themselves an others. Sp needs to fall much more because of overprice plus no more confidence.
Chart looks very sick.
I may wrong, but take care,DYOR and good luck.
SLA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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