SBM are well suited for Au going through 1260 as a great technical level.
With Presidents Xi and Trump meeting, their ability to agree on how to stop North Korea landing one on North America will undoubtedly impact on how Gold will play. Above 1260 will mean SBM could break new highs.
The SBM 200 day Exponential Moving Average (EMA) is up, the momentum appears to be well positioned to permit further strength in the SBM SP above $2.64 well off the late December 16 low and the RSI of SBM looks very good reasserting its significant uptrend.
Newsflow appears compelling. Gold next to U3O8, Oil, Gas and Fe looks a stand out.
One potential fallback globally could be a substantial Saudi Aramco IPO on the LSE or NASDAQ as happening between English Prime Minister Theresa May and King Salman's advisers but Presidents Xi, Trump and Kim Jong-un possibly gazump the Saudi Aramco impact.
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Last
34.5¢ |
Change
0.010(2.99%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.5¢ | 33.5¢ | $429.1K | 1.260M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 307388 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 409664 | 20 |
View Market Depth
| Last trade - 15.00pm 29/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
