Hi pb, how are you.... Yes that's the target I have for the second leg up and the price / volume action last week confirms this leg is under way. I would expect a correction or some consolidation once completed and before the next move. Obviously price can go much higher over time if they can prove up the ounces. The price target for the first leg up last year was 24c and price ran to 25c to give an idea how the targets work, sometimes they overshoot.
The same charting technique mapped the moves in CDV pretty closely and gave a target of 66c for the second leg up and as you know price actually hit mid 70's before correcting. I mention this stock as a previous example as I know you're familiar with it.
Usual caveats apply here, no great calls, this is just a tip on the internet and everyone should have their own trading plan...
All the best to you.
Hi pb, how are you.... Yes that's the target I have for the...
Add XSO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3,059.5 |
Change
47.900(1.59%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 3,011.6 | 3,059.5 | 3,011.6 |
| XSO (ASX) Chart |