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62.5¢ sunrise energy metals limited

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zempheth

583 Posts.

562

16/10/21

13:01

Post #: 56847740
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Originally posted by cammokazee: ↑

Disclaimer: Not a chartist.

Interesting with the 12-month chart how every major succession of buying has resulted in a major succession of selling only to see the share price continually fall to new lows. No doubt a degree of shorting and loss of confidence by holders can be partly attributed to this.

What l do like is that since the 12-month low of 1.315 back in August, the same pattern has continued thus far with the exception being that the next low point after that was a higher low.

Whilst only time will tell how this all plays out, but l am getting more & more confident in Sunrise coming to fruition. The favourable shift in market sentiment toward our sector of late has been supported imo by the recent succession of buying. If Sunrise continues to follow a similar pattern to the past, only that each low point at the end of every successive selling period is a higher low point than the last, then l am confident that we are indeed in the grips of a long-term uptrend.

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I share a similar sentiment, always good to put in a higher low. That selloff to 1.3 was helpful in that regard ( I believe this was LOT selling their shares?)

SRL Price at posting: $1.80 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 62.5¢		Change 0.000(0.00%)		Mkt cap ! $56.39M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	410	59.5¢

Sellers (Offers)

Price($)	Vol.	No.
62.0¢	56	1

View Market Depth

No.	Vol.	Price($)
1	410	0.595
2	9800	0.590
1	17093	0.585
1	5000	0.575
1	6000	0.565

Price($)	Vol.	No.
0.620	56	1
0.625	745	1
0.650	1	1
0.670	2314	2
0.680	3225	1

Last trade - 09.12am 15/05/2024 (20 minute delay)

SRL (ASX) Chart

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