EQX saw a fairly spectacular rise from $1.60
to $2.55 in 8 days.A very healthy 59.375% increase.
And now the expected and inevitable retracement.
As someone has already hinted $2.50 would be a good
consolidation/support level for another move up.Historically this has been the case when EQX was PRB
in another life.If anyone is interested,why not construct
a candlestick chart for the last 10 days of trading and
you will see how the SP is contained within an uptrending channel.Will it remain inside this channel? If it does $3.00 is not far away.Also look out for the possibility for a sequence of Fibonacci numbers starting at $2.50.
Some weeks ago the company raised money at .82 cents a share and the SP didnt take long in doubling to $1.60.This week 25 million was raised at $1.80 a share,and I expect we will see that also double in the near future.A floor at $2.20 is now in place.
EQX management have done an outstanding job in building a resource company from the disaster of the previous excursion into Indonesia.Continue to hold your positions for further price increases.The journey is just beginning.
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.43M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 0.120 |
1 | 8000 | 0.115 |
2 | 134580 | 0.100 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 50000 | 1 |
0.155 | 69999 | 1 |
0.170 | 1501991 | 9 |
0.175 | 97463 | 1 |
0.200 | 100000 | 1 |
Last trade - 16.12pm 04/09/2024 (20 minute delay) ? |
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EQX (ASX) Chart |
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