STTCOMP SLZ TA LONG
SOI: 70m
MC: 20.5m
Cash: $2.5m
Change of character in the volume signature occurred at the end of April when they announced preparations for a diamond drill program at the Big Hill Cu/Au Target (Lachlan Fold Belt). Volumes have been well above average since that time with about half the free float changing hands at an inflated price. Today's volume drop-off could be the prelude to the next leg up. An ascending triangle has formed with a target price of 43c. Disclaimer: There may also be a capital raise on the way but this shouldn't prevent the target price from being achieved.
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- Short Term Trading Week Starting: 17 May
STTCOMP SLZ TA LONGSOI: 70mMC: 20.5mCash: $2.5mChange of...
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