EXT 10.0% 0.9¢ excite technology services ltd

chartwatch, page-16

  1. 2,669 Posts.
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    My research suggests otherwise.

    In the past two months there has only been 3 (positive) price fluctuations.

    All three were related to the following:

    1) new tenements in Namibia in early November

    2) Ida Dome / Husab update in early December combined with AGM

    3) Recent U308 price increase over the w/e that led to today's gains.

    Other than these 3 events in the past 2 months the sp action has been sideways or down.

    Therefore I believe that there must be an announcement for the sp to continue moving north; otherwise it will track down or sideways.

    If no announcements are forthcoming til late Jan / early Feb or later I believe there is every chance this will go sub 10c again and present further buying opportunity.

    Just my 2c worth. Be interested to hear opinions.
 
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