I have an optimistic thought and a pessimistic one as of today's close....
From a technical perspective there is optimism: finished with a "green hammer" on the chart. Low volume so not many are selling, which means the 'serious holders' are still holding, just a few impatient types panicking and selling, but far fewer today than yesterday.
So TA wise I think things look okay.
My pessimistic thought....
Earlier this year is when graphite was all the rage and we saw some nice action in the graphite plays - obviously SYR was the best and the one that most springs to mind.
Since that time graphite really hasn't done very well. Examples are AXE and TLG, and I think MOX as well. So my big concern is that graphite may not be a market darling any more. I have seen a couple of the 'hearts' on HC post in the past that SYR alone have found enough graphite to supply the world demand for quite a few years. If that is indeed true then I have concerns about other graphite companies...
GL to all holders.
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Last
0.9¢ |
Change
-0.002(18.2%) |
Mkt cap ! $14.11M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 0.9¢ | $259 | 26.13K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1280209 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 122784 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1280209 | 0.009 |
6 | 770529 | 0.008 |
4 | 492850 | 0.007 |
2 | 416660 | 0.006 |
2 | 899995 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 122784 | 2 |
0.012 | 491367 | 5 |
0.013 | 1538461 | 1 |
0.014 | 200000 | 2 |
0.015 | 1333333 | 1 |
Last trade - 15.57pm 12/07/2024 (20 minute delay) ? |
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TON (ASX) Chart |