The golden cross of 100 week moving average and 200 week moving average is due within 2 weeks or so give or take. It seems likely that news from the results from this years follow up drilling will start to flow through in the near term along with the metallurgical testing results.
The 100 day and 200 day moving averages golden crossed middle of October 2017 and haven't looked back. They both continue to climb but importantly the 100 dma is accelerating at a quicker pace that the 200 dma so we have a widening of the average spread. For me this shows a strengthening of the bull case on our charts.
If SCI time decent news flow with these technicals the company will likely get revalued much higher imo.
JFI
The golden cross of 100 week moving average and 200 week moving...
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Mkt cap ! $7.945M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $900 | 150K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 4689500 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 1733111 | 7 |
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| Last trade - 10.00am 21/05/2024 (20 minute delay) ? |
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0.000 ( 20.0 %) |
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| Open | High | Low | Volume | ||
| 0.6¢ | 0.6¢ | 0.6¢ | 1716670 | ||
| Last updated 11.00am 21/05/2024 ? | |||||
| AYT (ASX) Chart |