STTCOMP CNB TA LONG
MC $33.6m
SOI 106M
SP $0.315
For some additional FA thoughts / poss catalysts refer FA tip by @Sharetrader78 in early July HERE
TA wise, has had a bit of a parabolic run & peaked out on some easing vol dropping off the trend and now eased in around the Ann'd Placement / SPP price which could see a bit of a floor come in near term with some further potential news flow to come this qtr. Chart white notes were prev around 11/9 and blue notes now.
Low SOI & light float does create a lack of liquidity but on the flip side can create sharp moves up given right conditions & catalysts.
Some additional snips / info added with charts.
In conjunction with below summary, CNB also working exploration Strelley around northern end Tabba Tabba Shear Zone whilst DEG have recently outlined Hemi which is along same shear zone to south west. Currently reading up on the geology round there and any similarities through the shear zone and also historical information.
Visual depth Chart with wider view & then tightened view to have a look at the step vol / price levels for potential supp / resist areas.
