SRL 3.96% 48.5¢ sunrise energy metals limited

Today's candlestick: From the point of view of a long (me) that...

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    Today's candlestick:

    From the point of view of a long (me) that blood red candlestick, especially after the past 3 to 4 days, looks to me like an exhaustion of selling. That long fishing line suggests to me that buyers took control to day's end. My thinking is that spec/momo investors took profits probably believing momo is diminished. Their shares were then bought by longer term investors -- though at this stage value investors aren't in, perhaps deep value investors building positions (eyeballing the ~$420k that came in from the possible exhaustion bottom).

    Thoughts on exhaustion selling today, anyone.

    OV

    PS Maybe RF is the one getting his average cost down -- kidding, I've no idea.
    Last edited by OceanView: 06/10/16
 
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48.5¢
Change
-0.020(3.96%)
Mkt cap ! $43.76M
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45.5¢ 50.0¢ 44.0¢ $34.40K 74.16K

Buyers (Bids)

No. Vol. Price($)
1 954 46.0¢
 

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Price($) Vol. No.
51.0¢ 10000 1
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Last trade - 16.10pm 04/09/2024 (20 minute delay) ?
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