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Ride the Elevator, page-19

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Midnight26

4,791 Posts.

385

15/06/17

11:52

Post #: 25290726
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Originally posted by firehawk08 ↑

Interesting trading today. Decent volume, over 500k shares traded before lunch so far, and yet, price has not moved from 34 cents.

Meanwhile, the sellers today is sparser than yesterday.

It's only slightly more accurate than reading the tea leaves but I think this is the share catching its breath before the next move up. It would be brilliant if, after a move up from 8-ish cents to 40 cents, the only retracement is to 34 cents.

So if today is the limit of the retracement, what could the next move up go to? The previous move up was about 5 times, perhaps the next move up is another 5 times in price? 0.34 x 5 = $1.70?

Sounds good to me.

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TA and charts aren't applicable with this monster. Brokers' FA will determine the SP further down the track but they'll need to rely on their geologists opinions and this geologist already has offered his expert opinion.

BBX Price at posting: 33.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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