ACS 0.00% 0.7¢ accent resources nl

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  1. 15,276 Posts.
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    Technically important result today...

    The previous spike was overdone for what was announced...as such she retaced quickly standing many.

    Some existed at a loss in the period afterwards, whilst those few straded bulls still left got out today.

    To my surprise, the selling pressure eased up pretty quickly, suggest fewer than expected may have been still stuck and looking for an exit.

    Technially, for me this means we have come full circle, with today's trading finishing at the end of an important cyle.

    I am expecting higher prices next week in contrast to the trading in the days immediately after the previous spike.

    The resource is reasonable...and these days quite viable.

    Very few shares on issue, so quite attractive for a MAK like run should the market warm to it and existing holder exercise self control.

    God luck all.

    Cheers!
 
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Last trade - 16.12pm 14/06/2024 (20 minute delay) ?
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