Solid white candlestick..60 cents worth,no wicks very impressive.Ruthless buying indeed.
So we see a new high @ 3.95,that fits the chart nicely.
Previous highs @ 1.30,1.60 and 2.50 have all met with resistance.The stock has taken a breather,allowing more buyers to get on and then proceeding to the next high.
So seeing that massive jump from 3.33 to 3.95 suggests to me that for EQX to be consistent it needs to re-trace and wait for the market to catch up.
The last solid white candlestick was from 3.20 to 3.60 and it retreated.So I am leaning toward this scenario.
There is talk of 4.40,4.50 and 5.00.I have NO doubt these levels will be reached in coming weeks.I know from my trading this stock for the past 13 years it did reach 5.00,but beyond this level I have no historical data.
Speculative comment about 12.00-15.00 targets is just that.
SDL are talking CAPEX of I think around $BN3.2 So EQX are certainly progressing toward the big league,but obviously a lot of things are going to happen between now and when the first shipment of FE leaves Pointe-Noire.
Come the end of January we expect survey results from Badondo,but could be later.EQX cannot use terms such as resources or reserves at present.As was the case with Mayoko only a range of potential quantity and grade can be given.A mineral resource has not yet been defined.Await the JORC for that.
If EQX on Monday morning just keeps charging on,then I will have a re-think and post my views accordingly.
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Solid white candlestick..60 cents worth,no wicks very...
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.74M |
Open | High | Low | Value | Volume |
13.5¢ | 13.5¢ | 13.5¢ | $10.50K | 77.84K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 22160 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 35928 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 22160 | 0.135 |
4 | 87699 | 0.120 |
3 | 82000 | 0.100 |
3 | 80000 | 0.090 |
1 | 50000 | 0.069 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 35928 | 1 |
0.150 | 200000 | 1 |
0.160 | 100000 | 1 |
0.180 | 20000 | 1 |
0.000 | 0 | 0 |
Last trade - 15.55pm 26/06/2025 (20 minute delay) ? |
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