XAO 0.76% 8,450.9 all ordinaries

Short Term Trading Week Starting: 26th Feb, page-168

  1. 3,013 Posts.
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    STTCOMP MEI, TA Long

    SP 4.8c
    SOI 563M including a recent issue of 70M @ 6.2c
    MC $27M
    Cash $4.85 @ 31/12/17
    EV $22M

    Multiple high grade cobalt prospects in Canada.

    - I think it has probably bottomed at 4c, being a key resistance point back in June & July 2017
    - Looks to have broken north of its downward trend line with increasing volume
    - Well below a recent significant support level of 6.2c, where over 12% of SOI were issued. (Tolga Kumova took over $400K worth in the placement)
    - MACD crossed up
    - RSI is up
    - 10SMA looking to cross 20SMA

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