This one crossed my radar on the weekend when I noticed that its MACD had turned positive and that it seemed to be forming a large ascending triangle. I put in a bid at 16 yesterday, but missed it; raised to 17, missed it again. Today, with the gap and break above resistance at 18 on very high volume, this seemed to be a pretty strong buy signal so I bit the bullet and bought at 20, with an initial target of 28 cents.
I also like the fundamentals (as I understand them): with a miner that's already producing, claims to be generating A$ 100 million in revenue per annum on 492 million shares, with a mine life of 4 to 9 years.
on the launch pad, page-3
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Last
7.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.030M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 93480 | 7.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.3¢ | 126198 | 1 |
View Market Depth
| Last trade - 10.02am 05/07/2024 (20 minute delay) ? |
| CBH (ASX) Chart |
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