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5.3¢ strategic elements limited

Retracements, page-2

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SuperTrumpy

7,089 Posts.

1104

21/01/21

21:53

Post #: 50356470
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Originally posted by Surandy70: ↑

I was having a look at SOR tonight after the market close with us being down 22% on yesterday's close but still up for the week.

One thing that struck me is SOR has had a brief retracement of 7% or more of each of the last 5 weeks.
Prior to Christmas we had a retracement of 9%
On New Years Eve the retracement was 7%
On 7/1/2021 the retracement was 15%
On 13/1/2021 the retracement was 11%
And today the retracement was 22%

Yet with all those retracements we are still up. From the close of 15.5 cents on 22/12/2020 to today's close of 72.5 cents the share price has more than quadrupled in the last month!

On this basis you would have to think we would be looking at a rise tomorrow, given the very strong rise since the previous retracement it is very doubtful we would return to the 90s tomorrow but getting back into the low 80s is realistic.

Expand

Hopefully those who (panic) sold or who’s stop losses were hit got or get a chance to buy in again.
I honestly felt we’d go up slightly from yesterday.

Anyway, let’s see where the next 7 or so days take us. I’m confident Smurf and co have nailed the battery development and the goal of a 3.6v battery has been achieved.
GLTAH.

SOR Price at posting: 72.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

2 Great analysis

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(20min delay)
Last 5.3¢		Change 0.001(1.92%)		Mkt cap ! $24.84M

Open	High	Low	Value	Volume
5.2¢	5.3¢	5.1¢	$2.033K	38.87K

Buyers (Bids)

No.	Vol.	Price($)
1	2014	5.2¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	783207	2

View Market Depth

No.	Vol.	Price($)
1	2014	0.052
1	9705	0.051
5	155000	0.050
2	81537	0.049
2	172500	0.048

Price($)	Vol.	No.
0.054	783207	2
0.055	1282	1
0.056	151526	3
0.058	400000	1
0.059	150000	1

Last trade - 15.47pm 13/11/2024 (20 minute delay)

SOR (ASX) Chart