Quite happy to see the sp consolidate and firm up technically ftm. Then there’s that gap up.
As long as we track the bottom of the first day post the 90M annmnt but hold the support we stand a chance of a second wave up. Just cos the brokers have strong buys in doesn’t mean it will happen.
As much as we hate to contemplate it there is still that looming gap below and if I hadn’t had such a good education by the “Gap Master” (he knows who he is !) then I’d like to think we will stay above the gap resistance.
Obviously the longer we accumulate above the gap resistance the less likely we will see it filled. But the %s of filling are sobering at this stage.
As well all know breakaway gaps do happen and we have to be cognizant of the fact that the company fundamentals have changed dramatically and that a plus 100M market cap is well and truly justified given they are highly likely to have 90M poured into the bank account for Abra development in a staged fashion. This is not to mention the potential all Japanese debt balance and Hopefully another short term catalyst will be the offtake/s as well as an updated PFS.
On balance I’m tending slightly to a breakaway gap atm (and would like to see it stay that way) but we may need more good news very soon. I’ll get more confident on that gap holding as we hold the support and move away from the gap via accumulation and time.
Gr.
G1A Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held
(20min delay)
