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8.5% per month, wow!Thank you!

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tiko

431 Posts.

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25/11/21

15:20

Post #: 57854250
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Originally posted by GCar: ↑

G'day tiko,

Yeah I just eyeballed a channel on the log-scale chart that seems to be quite strong and long-lived.... and then worked out what that roughly means from a modelling perspective... It seems that the centreline meets about an average 8.5% monthly compounding growth rate (based on $2 at the start of April 2020 and $8 at the start of Sep 2021).
Below are the numbers for the centreline of that channel, noting that the channel is about +/- 20% around that centreline!

If (IF) it continues, then happy days!

Hope it is useful in some way to you.
Cheers

....Could we be circa $20 in a year from now...? Why not?!

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8.5% per month, wow!
Thank you!

ORE Price at posting: $9.82 Sentiment: Buy Disclosure: Held
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