I personally think you are crazy. The stock is in an uptrend and your target has not even been close to 12c since July. The stock is going into production status, and its reserves, and assets are debt free. The POG is on the rise which increases the cash margins. And all this is about to happen in Nov' on the first gold pour.
I can understand that you may have made a TA and took a short based on the TA - but looking at EOD charts, we are trading slightly above the moving average and about to retest resistance of 0.205. Honestly I think you are about to lose a bundle so I suggest you use your stop loss agressively.
off for a run, page-45
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Last
30.5¢ |
Change
-0.010(3.17%) |
Mkt cap ! $2.074B | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.8¢ | 30.0¢ | $14.01M | 45.47M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 1709024 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 333334 | 2 |
View Market Depth
| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |