AXE 7.02% 30.5¢ archer materials limited

good close, page-6

  1. 7,432 Posts.
    Thing is that Hudson broker selling may be over but we have the "liquidity" of the arms length buyers to contend with.I mean will they hold even though they bought at say 27/31?
    One has to realise that most holders do not access Forums to get any info or analysis of things like those "misleading" Metallurgy results of drill ground down Big Flakes etc.

    Under strict TA rules a short term trader doesn't even read News just reacts to the chart action.Some TA'ers take pride in not even knowing what the heck the Company actually does!! Yes some TA'ers have as much scorn and derision of FA as the Fundo's have of Technicals.

    Anyhow every red candle here on the chart signifies most day traders despair.If they bought the Open,they'd better have been able to catch the wick to have made profit.Miss that wick and it's B/E or loss ville.

    Anyhow the chart showing 23.5/24.5 gap resistance.It's Friday so any short term traders [not a day but for a week or two] will usually consider their position.
    Take a profit/loss/ break even or hold.
    Do they know or care about the confusing Metalurgy? Do they know fresh drilling and acid wash results are coming?

 
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Last
30.5¢
Change
0.020(7.02%)
Mkt cap ! $78.36M
Open High Low Value Volume
30.0¢ 31.0¢ 29.5¢ $35.02K 114.4K

Buyers (Bids)

No. Vol. Price($)
2 23500 30.0¢
 

Sellers (Offers)

Price($) Vol. No.
30.5¢ 6054 1
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Last trade - 14.44pm 26/07/2024 (20 minute delay) ?
AXE (ASX) Chart
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