Australia's largest stock trading and investment forum Australia's #1 stock forum

SOR

Click for more information

7.14%

4.5¢ strategic elements limited

Retracements, page-3

First 3 Last

Share
Profile

Follow
Ctan87

4,151 Posts.

55

21/01/21

21:54

Post #: 50356487
Share

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

Thanks for the analysis mate.

Can anyone see if the $99,999 trade was "sell into" or "buy into" at 72.5 cents?

SOR Price at posting: 72.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

1CG

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

KOB

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

MRC

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

MGU

New results confirm Buena Vista's iron grades potential

There are more pages in this discussion • 286 more messages in this thread...

First 3 Last

Add SOR (ASX) to my watchlist

(20min delay)
Last 4.5¢		Change 0.003(7.14%)		Mkt cap ! $21.09M

Open	High	Low	Value	Volume
4.2¢	4.5¢	4.2¢	$1.987K	47.10K

Buyers (Bids)

No.	Vol.	Price($)
2	115975	4.2¢

Sellers (Offers)

Price($)	Vol.	No.
4.5¢	290	1

View Market Depth

No.	Vol.	Price($)
2	115975	0.042
3	147110	0.041
8	522391	0.040
3	87693	0.039
1	27775	0.036

Price($)	Vol.	No.
0.045	290	1
0.048	1884	1
0.049	20464	1
0.050	31075	2
0.051	115891	3

Last trade - 15.59pm 31/07/2024 (20 minute delay)

SOR (ASX) Chart