Hi Luke -
I don’t use a 200-day SMA (Simple Moving Average) for small-cap oil/mining stocks.
IMO that long day-period is better suited to industrial stocks, that are not subject to Anns that move their SP significantly in either direction, as the more frequent market-sensitive Anns by stocks such as 88E.
So for my small-cap charts I use 10 & 35 day SMA’s.
The current SP for 88E is trending down way below both of these and IMO won’t settle until it reaches 3.0c, & possibly 2.9c, which shouldn’t now be too far away, before it trends back up again if & when an encouraging Ann is made within the next 4 to 5 weeks. Guata.
i still have faith, page-144
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $78.15K | 38.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 122 | 120098264 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 583908266 | 234 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| 88E (ASX) Chart |