From reading the comments looks like a lot of retailers sold into Friday Run. This is understandable after what we went through in the last 9 months and the lows of the share price would have given some of us some sleepless nights. There is nothing wrong with quitting while ahead.
My observation is that some big fish or school of big fish have been accumulating in the past 3/4 days and retailers have been selling. We have just started the partnership talks for gonnie and also have alot of drill results due.
Looking at technical point of view we are in a major bull run of Chalice since the golden cross. I had been watching the cup but was waiting on the handle as they always fail. But this week we saw the handle broke out of resistance of $7.22. Target is $10.96.
There is no 100% guarantee of any TA but these kind of patterns usually plays out as expected 9/10 times. Cup and handles patterns if confirmed which has been confirmed here are very rare. As always Do your own research. Just my observation.
From reading the comments looks like a lot of retailers sold...
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Last
$1.15 |
Change
-0.005(0.43%) |
Mkt cap ! $447.3M | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.18 | $1.14 | $4.158M | 3.613M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76065 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 2423 | 2 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.15 |
Change
-0.005 ( 2.58 %) |
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| Open | High | Low | Volume | ||
| $1.15 | $1.18 | $1.14 | 746441 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| CHN (ASX) Chart |