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15.0¢ elixir energy limited

Two weeks looks about right for a buy signal. Should be well...

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4,906 Posts.

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23/12/19

10:22

Post #: 42098794
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Originally posted by Lord Byron iii: ↑

Quirkus, I've done a weekly chart on a 3 year timeframe with support & resistance (lines of best fit) as well as Fibonacci retracements.

I get an even uglier picture, with a bottom support of 2.2 cents! Yikes!! This where a combo of TA and fundamentals are needed. Here is an extract from the latest Operations Update (20-12-19):

"The drilling crew is currently taking a short break and the contractor is procuring some local
Government permits for the next well(s). The results of all three wells drilled in the Ugtaal sub-region
of the PSC will be fully analyzed and integrated in the New Year.
Locations for one or more new wells in a different region of the PSC are currently being finalised and
a rig will be mobilized thereafter. First spud should be in around two weeks. The next wells will be in
one or potentially two of the other areas foreshadowed in our announcement of 16th September"

I too hope that this latest Update will have a positive effect on the sp! How positive? Well I think we can use TA to get an idea!

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Two weeks looks about right for a buy signal. Should be well supported after a 6 / 7 month downturn.

EXR Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last 15.0¢		Change 0.000(0.00%)		Mkt cap ! $179.5M

Open	High	Low	Value	Volume
15.5¢	15.8¢	15.0¢	$446.8K	2.928M

Buyers (Bids)

No.	Vol.	Price($)
15	620158	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	261282	6

View Market Depth

No.	Vol.	Price($)
19	698410	0.150
12	989834	0.145
16	1088260	0.140
18	1317016	0.135
19	1297545	0.130

Price($)	Vol.	No.
0.155	261282	6
0.160	409477	11
0.165	380000	6
0.170	222276	6
0.175	172732	9

Last trade - 15.52pm 13/09/2024 (20 minute delay)

EXR (ASX) Chart

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