But if you look at this from a TA viewpoint, in recent days, GIP has bounced off a lower trend line and yesterday crossed the 18 day SMA. cso1 posted an excellent chart at the time.
That in itself would be a good enough reason to buy for some technical traders.
Would the bounce have happened without the news? Who knows. It's all a bit chicken and egg.
I don't feel let down. I'm happier holding my shares than I was yesterday. Well done to all at GIP for the quick work on the Eritrean samples. They get a hard time when things get delayed so I feel it's only fair to give them credit when they deliver a pleasant surprise.
Having said in early December that I fancied a fall to 6c followed by a rise to 12c, I make this a ST Buy again. Wheee!
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But if you look at this from a TA viewpoint, in recent days, GIP...
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.204M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $17 | 2.186K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2192034 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 5777366 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2192034 | 0.007 |
7 | 6388665 | 0.006 |
5 | 1960000 | 0.005 |
4 | 8300000 | 0.004 |
3 | 2300000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 5777366 | 12 |
0.009 | 3213658 | 4 |
0.010 | 1629193 | 5 |
0.011 | 3175500 | 3 |
0.012 | 10607 | 1 |
Last trade - 10.08am 19/08/2024 (20 minute delay) ? |
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SP8 (ASX) Chart |