For those that are interested, here's the technical analysis from nabtrade released today.
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Chalice Mining is an Australia-based company, which is engaged in exploration of greenfield Nickel, Copper discoveries at its Julimar Project in Western Australia.The portfolio also includes various generative exploration opportunities, investments, royalties and non-operated joint ventures.The Weekly chart displays a multi-year Primary UP trend with recent price resistance shown at $9.10.The follow-on during the Q3 2021 has developed into the Bullish Flag continuation pattern, now confirmed with the 3 defined low points followed with the higher low point and breakout to retest the high.The Buy Zone is now in place showing a further price target of $11.60.Trading volume is high at this level showing accumulation on a rising price.Price momentum shown with the Relative Strength Indicator 14 has turned higher while above the key 50 level.Longer-term momentum viewed with the MACD shows a crossover Swing Buy signal set below the “0” level in confirmation with the Relative Strength.The important Stop Loss is set at $7.18.Price moving to this level may show a break of the Primary UP trend and loss of upward momentum.
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@mogroover That is a hell of an entry point. Well done to you!
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For those that are interested, here's the technical analysis...
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Last
$1.04 |
Change
-0.060(5.48%) |
Mkt cap ! $402.6M |
Open | High | Low | Value | Volume |
$1.08 | $1.10 | $1.03 | $1.486M | 1.415M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12999 | $1.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.05 | 21401 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1914 | 1.045 |
2 | 12999 | 1.035 |
1 | 5000 | 1.030 |
1 | 950 | 1.020 |
3 | 34995 | 1.015 |
Price($) | Vol. | No. |
---|---|---|
1.050 | 24652 | 2 |
1.055 | 23810 | 1 |
1.060 | 41401 | 2 |
1.065 | 20000 | 1 |
1.070 | 19230 | 1 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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CHN (ASX) Chart |