Ok so price hit the 0.786 retrace on that initial descending wedge breakout and then went on to backfill the gap, it then took off back to high 2's on the back of drill rigs arriving at Achillies 1.
They're already well in to the drill program meaning that results may come in during October. Price has retraced from the high set yesterday at 2.8c and is currently trading at 2.3c which is also the 0.382 retrace. It's also just a tad over $15M MC which is a nice round number to fall back to. On the volume profile you can see the high support value areas starting at 2.3c ($15M MC) with the highest volume traded at 1.7c. There's a couple of old highs that might get retested at 2.0c & 2.1c but I have a lot of doubt that it will go below 2c again due to the market cap and the amount of support at 2c and above.
Drill rods are spinning at Achillies 1 as we speak (AGC had stellar results 7km to the North and SER claims they have an area 3 times larger to explore and there's certainly mineralisation there), Isa North is going to be announced very soon where they'll be drilling 2 diamond drill scout holes (This tenement is surrounded by the big end of town such as Fortescue, Rio Tinto, Anglo American, 29 Metals and Red Metal). Canobie just finished up a survey and will announce a drill program to continue on there (Fortescue have agreed to spend up to $8M drilling there).
South Cobar (Achillies 1) update:
https://www.marketindex.com.au/asx/ser/announcements/drilling-commences-at-achilles-3A648036
Isa North update:
Due to commence drilling this quarter. https://strategicenergy.com.au/isa-north-2/
Mundi: https://www.marketindex.com.au/asx/ser/announcements/infill-mt-survey-reveals-intense-conductive-anomalies-3A642197
West Koonenberry: https://www.marketindex.com.au/asx/ser/announcements/west-koonenberry-polymetallic-coppernickel-project-3A639090
In the meantime over at AGC, the current drilling is nearly complete at Achillies 3. This should bolster and firm up SER's current position. AGC are also going straight in to diamond drilling also, so news there could drop very soon and their programs tie in nicely with SER's which will keep the interest and momentum going IMO.On my chart I listed a bunch of potential market cap targets along with the coinciding share price. My feeling is it will continue the uptrend after this minor pullback and there's a lot of room to the upside that will take a disaster to push it back down much lower than where it already is.There's several other projects up their sleeve also but these ones I listed are the main focus for now.
(20min delay)