Don't worry , I'm not a chartist and this is not about technical analysis .
Just trying to compare the buying pattern with that of LNG which twenty bagged in less than a year and ended up with a 2 billion dollar market cap .
LNG reached a stage where the institutions had sufficient proof of concept to buy , and when they bought it was relentless and impressive to say the least and developed into a J-curve .
The major milestone for Edencrete in my mind is the Georgia DOT tests .
If Edencrete can pass that hurdle then the institutional buying should start in earnest and make what we have seen so far look pedestrian .
Can anybody see any other milestones which may give institutions the comfort needed to buy ?
J-curve
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Last
0.2¢ |
Change
-0.001(25.0%) |
Mkt cap ! $6.162M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.2¢ | 0.1¢ | $269 | 188.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 63 | 130586945 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 22032350 | 26 |
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| Last trade - 10.46am 13/09/2024 (20 minute delay) ? |
| EDE (ASX) Chart |