CNB 1.37% 37.0¢ carnaby resources limited

Charts & Broker Data, page-817

  1. 134 Posts.
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    I'm a tad late to the party but you'll see these gobbled up. IMO they are more than likely accumulations for big players.

    Once this person/s position is built you're going to see the SP run, more than likely coinciding with the next announcement/set of assays wink.png.

    Disclosure: I am no fancy chartist - I see trends, I watch trades and I put two and two together in my own way.

    If this doesn't close around 2-4% down, or neutral - I speculate we'll see an early to mid 1.30's close.

    This is personally what I'm looking at. A nice base/floor being built between $1.20 and $1.30 with occasional swinging being more than normal between $1.155 and $1.465 - especially on such a low SOI stock.

    It is more than welcome that a new base is being built and the SP is holding up so well. Big word of warning however - the next set of assays and announcements are going to be really really important.

    https://hotcopper.com.au/data/attachments/3972/3972003-67f3dc478179d9937856b4416f1449a4.jpg

    In saying that, don't these two sections look awfully similar wink.png

    https://hotcopper.com.au/data/attachments/3972/3972026-940ceb104813fca1a51cb6a68a69b9d5.jpg

    Catalyst? Great results. Potential for great results RE: new drilling? I'm looking favorably towards the next lot of drilling.

    Set your stop losses, there is big emotion at play with retail too as everyone saw with the recent 60m @ 0.9% Cu results recently. Ill informed will suffer in the long term here.

    As always, DYOR
    Last edited by thetestytrader: 12/01/22
 
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