SPQ 0.00% 0.7¢ superior resources limited

I was actually pretty spot on from my post on the 22nd posted...

  1. 4,289 Posts.
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    I was actually pretty spot on from my post on the 22nd posted when the SP was 2.1 cents

    I'm out today at 2.4 cents guys from 1.1 cent entry, couple of reasons why.​

    - 115% profit was too temping given the recent downturn in the spec space.
    - new share issued out today at 0.009, I expect a bit of selling pressure to come.
    - not having a lot of time to check my stocks atm due to work, and given the recent downturn things are
    much more unstable than they were a few weeks ago.
    - SPQ is currently overbought in the short term and I think a few days of selling pressure are likely.
    - there is a ugly gap in the chart at 1.5 cents I think it may fill given the weakness in the current market.
    - SP will generally end up going down to meet the CR price around 70% of the time​
    Last edited by jas626: 26/01/18
 
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2 699999 0.7¢
 

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Price($) Vol. No.
0.8¢ 10274386 11
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Last trade - 16.10pm 19/11/2024 (20 minute delay) ?
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