ENR 1.49% 34.0¢ encounter resources limited

commodities fluctuate. buy today. ride tomorrow

  1. 251 Posts.
    commodities fluctaute, but one things is for sure, the general trend is up due to simple no brainer supply > demand - an it is an infinite resource. What does this mean? all commodities, especiall small caps like ENR that have large daily fluctuations, represent good buying today - now - as an increase in commodities tomorrow will likely see general increases in SP of commodity stock like ENR, the diff with ENR is the large swings mean large gains if you get in at a time like now and sell perhaps tomorrow (assuming commodities rise again which id say thats a fair chance) for another 20% gain. If you get in today the best that can happen is by tomorrow you make 20%, else a sideways move is likely and then the day after perhaps 20% - all it will take is a general rise in commodity prices - which fundamentally is pretty well guranateed sooner or later. Im loading up on this with a short aim of 70c+
 
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Last
34.0¢
Change
0.005(1.49%)
Mkt cap ! $192.0M
Open High Low Value Volume
33.5¢ 34.0¢ 33.0¢ $57.41K 171.4K

Buyers (Bids)

No. Vol. Price($)
3 65228 33.0¢
 

Sellers (Offers)

Price($) Vol. No.
34.0¢ 35383 2
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
ENR (ASX) Chart
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