Loric I am delighted with today's performance of SLX.
I was watching and hoping it would hold 1.40 about 3pm. It did and clos at 1.44 is very strong.
I was not expecting it to go over 1.50 today, it needed today to consolidate.
Note that its rise from 1.26 to 1.56 was a total of 30 cents. To keep the short term momentum going we needed to hold half of this, ie 1.41, which we did. To see new highs in coming day(s) we needed to hold approx 38% of this. Spot on 1.44.
Note also the significance of holding 1.43, where it closed the day after last breaking 1.40.
In short I see a close above 1.52, possibly tommorrow, and then we are in a new realm - A fast move to about $2.50.
I am very comfortable to hold.
All the best.
slx - signs look good., page-6
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Last
$3.50 |
Change
-0.040(1.13%) |
Mkt cap ! $839.8M | |||
| Open | High | Low | Value | Volume |
| $3.52 | $3.52 | $3.49 | $42.65K | 12.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 730 | $3.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.50 | 674 | 10 |
View Market Depth
| Last trade - 10.10am 18/09/2024 (20 minute delay) ? |
| SLX (ASX) Chart |