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I do believe you aren't interpreting the TA correctly, the...

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Captain Kiethy

473 Posts.

405

05/01/24

09:51

Post #: 71736571
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Originally posted by taughtbuffet: ↑

@Patterns94

i gotta ask, why do you keep quoting such ridiculous price targets?

last night you posted that SHJ should go up 200% and now you say there's a big chance of 100%...a lot change in 24hours? FFS they are a bunch of lawyers...their last financial report they have revenue of $231 mill which was an increase of 8% on their 2022 earnings, yet their NPAT was only $3.31 million, down 89% from 2022.....their share price hasn't been over $1.00 for more than 12 months, but now you say they could increase from 74c by 100%????? that would put it near their all time high of $1.55 which they hit in november 2021...dont get me wrong, i have nothing against SHJ, and i hope for their shareholders that they do increase in value, but there's nothing fundamentally on the horizon that i could see that would justify punting on them ...please explain how you come up with a 100% share price increase and what time frame you would put on it

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I do believe you aren't interpreting the TA correctly, the potential move in question is a 100% increase on the previous trading range, not a doubling of the share price. It is entirely based on the chart and has absolutely nothing to do with the fundamentals. I completely agree with Patterns analysis here, chart looks primed.
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