Imo:
Results so far have been more than enough to support price
Good thicknesses continuing into 700N line - +ve
If those 2 holes had been pinched it could have curtailed the play short term. That has not been the case, train still chuffs along - +ve
Alot depends now on assays of thick zones on 600N (39,41,42,43)
If these assays continue to stack up - big +ve
Technically:
In the dailt time frame:
Price has shied away from 2SD limit of regression channel.
Downside limit now $1.95 and would need poor results to break below here imo.
Upside on good news now $2.45-50
In the weekly time frame:
This weeks bar can slip to $1.90 which supports the daily range outlook.
Next weeks bar can range $2.05 - $2.65 without raising any eyebrows.
All gauges running at normal so far.
Cheers,
- Forums
- ASX - By Stock
- SIR
- news
news, page-2
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SIR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online