STTCOMP ZMI, TA Long
Shares: 914m
MC: $15.54m
SP: $0.017
Cash: $5,795,038
Zinc
Has seen a recent downturn due to cheap CR shares coming onto market, (0.008) and being sold off, falling from it's previous accumulation channel between 2.2-2.5 to a low of 1.6
It has since found support at these levels with plenty of buyers soaking up the supply at 1.7 and 1.8, bouncing off support at 1.6 with majority of the shares trading at 1.7c
Will churn at these levels, but has twice bounced off 1.6 with two doji candles forming and should see a reversal start to happen with supply volume starting to dry up.
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- STT Weekend Lounge September 9-11
STT Weekend Lounge September 9-11, page-195
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