Yep.... Its a double top. You cant just hang onto a stock forever and pray it goes straight up, there are always re-tracements. Others (the smart ones) will sell to re-enter at a lower price. Its always a risk to leave a stock but the worse thing is you don't make as big a profit - but you still make a profit. You can never go broke making profits. I've made over 20c on this one in a fairly short period of time and I think I can do it again, if I miss out - c'est la vie.
For mine - Its time for some consolidation before the next run IMO, I'd like to see it gain support at 75/80 to form a nice foundation before hitting blue sky. Definetly not bagging this stocks' potential - I will be back on this freight train soon, for now - monitoring from nearby.
As usual - DYOR
Cheers
Always surf'n the clouds - search'n for blue sky....
double top, page-6
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $188.1M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.0¢ | 22.5¢ | $761.4K | 3.313M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 605220 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 766902 | 5 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |