CMM 0.77% $6.45 capricorn metals ltd

Over twelve months of consolidation leading to a narrowing bull...

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    Over twelve months of consolidation leading to a narrowing bull pennant.

    https://hotcopper.com.au/data/attachments/5598/5598730-1effeb6d92cc188b0c1c53352d36a4ae.jpg

    Plenty of price catalysts over next four months.
    The most immediate being where AUD Gold price finishes on the 29/9.
    No trading Monday 2/10 - Labour Day.
    Reopen 3/10 and may get Ann. regarding guidance of our first unhedged quarter.
    I'm presuming we move lower today based on ETFs overnight.
    First support today $4.31 (Hopeful - 5% chance of holding)
    Second support $4.165 (My guess for today's intraday low - 50% chance)
    Third support $4.06 (Solid support from $2.50 to recent $3.91 low - tested again since on 11/9 at $4 leaving a huge rejection wick - 35%)
    Fourth support $3.975 (You never know - 10%)
    Have a great weekend !


 
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$6.45
Change
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Last trade - 16.10pm 04/11/2024 (20 minute delay) ?
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