I've given up on getting mine at 0.008 for now. Bought more at 1.1 to 1.2 rather than miss out on having extra in a possible move up. My reading of the technicals is that multiple moving averages are coming together preparatory to a move away from the 200 day ma which currently sits at 1.1. In addition, today's close at 1.4 breaks the down trend we've been under from the spike to 2.3 back in January. We arguably need to see another higher low, probably back to 1.2 to confirm but it looks like we have started another up trend - where will it lead?
I did ring Chris Jordinson today, he's in Canada at an international fertiliser conference. He said there is nothing due for announcement in the very near future and does not know what's sparked buying over the last couple of days. This suggests a market/trader move - perhaps speculation around the MAK situation and possible value inferences being drawn for us?
- Forums
- ASX - By Stock
- something brewing??
I've given up on getting mine at 0.008 for now. Bought more at...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UCL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online