Agreed. From a quick TA perspective (for what its worth - excuse the squiggles), we could see a breakdown into 0.013, and form a bit more of a basing pattern. - Note the current stoch pattern (right now), there a similar patterns shown at (1) and (2) - both of which resulted in fairly violent moves to the upside (within weeks of the brief crossover of signal line). This 'may' be in play. - The alternate, we breakdown and retest some of the supports between 0.015 and 0.013 (which is completely fine, and correlates more closely to the latter parts of the downward move we saw from April 2022 highs to lows of early October 2022 - before extended upward trend. - Observation - also note the moving average line, and the candle intervals over the last 24 months that we have been below this line. Statistically, the odds are in our favor within the next 1-2months, to break out above this again.
Ultimately, it will be a hard catalyst (3D seismic detailed interpretation, WDS confirmed farmin, and provision of drilling timeframe) that dictates what the SP does - for now, we are just in a bots 'auto-pilot' vortex. Also - festive season timeframes DEC/JAN are notoriously unpredictable, and usually light in volume (so if no tangible news between now and Christmas - i'd ignore the sp moves completely). Also - I'd love to get an update on Pel83, they've been drilling for a while now. Anyway, rant over.
PCL Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)