ELE 0.00% 0.5¢ elmore ltd

previous volume traded may suggest direction

  1. 5,391 Posts.
    on 29/10/2007 the share price went from 2.7c to 4.6c on 55 million volume

    on 6/12/2007 the shareprice went from 2.8c to 3.8c on volume of 12 million volume...........

    21/1/2007 (TODAY )we had a trading range from 2.6c to 3.3c on massive volume of 82 million shares traded......im picking something is brewing and there is some big accumulation....the big sell order is there for a reason ...to cap the price and accumulate more ....once the cap is lifted it will fly and my charts are looking for a price target of 4.5c to retest previous high...tomorrows trading will tell the story.....i think the sell off toward the end of day is more likely due to the DOW uncertainty as opposed to what is stirring within the company......my opinion!!....cheers JAM
 
watchlist Created with Sketch. Add ELE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.