SHP 0.00% 2.4¢ south harz potash ltd

Morning all, at the end of the day, the fundamentals in this...

  1. 2,126 Posts.
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    Morning all, at the end of the day, the fundamentals in this company's assets have not changed a single bit bull market OR bear market.

    TA-wise, it looks like the bottom is in, having touched and bounced off the demand zone established in September last year. To me, it looks like a massive over-reaction to the current market conditions, with a few bigger players offloading some normally risk-on assets for tax purposes. Whenever I see messages about there about "now is not the time to buy the dip" and its from some big bank, its normally code for "we've taken some short positions and need to make money on the downside, please don't create a squeeze scenario otherwise we'd be margin called".

    Happy to ride this out, but if it continues in this zone, I'm seriously considering lowering my average. DYOR please, this is not advice.

    https://hotcopper.com.au/data/attachments/4445/4445135-df1c7b917fa25a76c929b8986a96d66b.jpg
 
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Last trade - 16.10pm 02/05/2024 (20 minute delay) ?
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