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What goes up comes downI am just not sure what has caused this extraordinary price drop, when apparently it was looking like it was just recovering from down trend - if anyone knows please comment . May be it’s just natural price correction in market, looking at today’s price action, buyers were able to take it up in first two hours up to $125.84, till that time it’s was all buyers hardly any sellers but later it’s was all sellers and price couldn’t hold and closed below opening price altogether 18.40% down. If this is just some weird correction without any fundamentals changing, then I think price should come down to round $105 range. Keeping a watch on this stock, leaving my notes here for community discussion. Please note it’s not a trading advise by any means, please do your own research.
ASX:DMPShort
by AsimMirzaTrader
5
ASX Top 10 Momentum Stocks: 14 June 2023NASDAQ:SLM FWB:RR1 LSE:LME ASX:VSR NASDAQ:AHI In today's ASX's Top 10 Quarterly Momentum Stocks, we have: Solismineralsltd (SLM): A Latin American battery metals focused mining exploration company. SLM acquired 22 lithium exploration licenses in northeastern Brazil. In addition, SLM holds an IOCG (iron oxide copper/gold) and porphyry copper projects in southwestern Peru within the country’s prolific coastal copper belt. Reach Resources Ltd (RR1): A critical mineral explorer in Western Australia focusing on REE, lithium, tantalum, rubidium caesium, and niobium. Limeade Inc. (LME): Limeade Inc. is an employee experience software company that helps build work environments. Their Limeade platform unifies employee well-being, engagement, and inclusion solutions with communications capabilities. Voltaic Strategic (VSR) Advanced Health (AHI) Tesserent Limited (TNT): Tesserent Limited is a company specializing in cybersecurity solutions and managed security services. Wildcat Resources (WC8): Wildcat Resources is a WA and NSW Gold explorer with exposure to Lithium, Caesium, Tantalum, Nickel, and Copper as well. Azure Minerals (AZS): Azure Minerals is a mining company that explores and develops mineral deposits, with a focus on precious and base metals. They have projects in Australia and Mexico. Wa1Resourcesltd (WA1) Iperionx Limited (IPX): Iperionx Limited is a biotechnology company focused on developing innovative therapeutics and technologies for the treatment of cancer and other diseases.
ASX:SLM
by ch886
1
ONE .ASX Overall Downtrend phase easing atm, & potentially ending this yea, looking for another lower low in future, prior to that maybe upside to entice weekly, daily hl and buying hopium traders. Be watching on feb 24 for how price structure unfolds showing a clue into who's in overall control with strength and or weakness of whoever's in charge. current mid zone poor risk rewards outcomes, no trade setups either from weekly or daily charts. Let price come to us!! Happy trading Perma
ASX:ONE
by Permaculture
(ASX: $SPQ) ASX:SPQ Potential move to Z2 (Zone 2), due to increasing bullish volume, interest from retail, and organisational bodies. I don't think we'll see major moves in share price until we get some interesting market news. Top 20 Holders have remained the same over the last 2 years, current price reduction represents retail investors cutting losses. Despite having positive market news in April, sophisticated investors did offload some of their shares, not for a huge profit, but in order to buy back in at a lower price. ASX:SPQ Recently raised $4M AUD to proceed with further drilling and exploration projects. Options have been released with an execution price of 0.06c before Nov 24. This can be viewed positively, as the company is confident in its short to medium term capability, and is expecting to please investors. The top 20 Holders own roughly 31% of market share, considering they have remained the same over the last 2 years, we can be confident that they aren't going to dump huge volume on us retail investors. We can use the RSI to visualise how the institutions are maintaining a level of support at this key level, hopefully pulling us out of this 3 stage downtrend. I'll try and update this Idea as we get more information from the company in this exciting time!
ASX:SPQLong
by boiledpeas
ASX: SPQ - 100% in 18 Months!(ASX: SPQ) Superior Resources Limited is an Australia-based mineral exploration company. The Company's principal activities include exploration of lead-zinc-silver, copper, gold and nickel-copper-cobalt-platinum group elements (PGE) deposits in northern Queensland. The company also owns interest in the projects of Deep Yellow Limited. SPQ Recently raised $4 Million AUD via a share placement, where "sophisticated" investors where given the opportunity to purchase shares at a value of $0.03 per share. For every standard share purchased, the investor we're given 1 option with a strike price of $0.06, expiring 18 months from now. The lead manger for the prospectus is Whario Capital, which seems to be a very lucrative investment firm, who is a corporate authorised representative of Redleaf Securities. A number of shady individuals have been given access to this opportunity, one of whom has been charged and fined for dishonest conduct on the ASX. A number of these holders are either running small investment firms in order to purchase these securities, or they're doing it under there name. This "Idea" isn't based on the companies financials, the company itself seems extremely dodgy, because this isn't their first time offering options to select individuals. They claim that the $4 Million raise is to fund their existing projects and to hopefully propel them into stage 2 of a number of their projects. Their is a huge opportunity for retail investors to do their own research on this company, and potentially follow the smart money to a somewhat healthy return.
ASX:SPQLong
by boiledpeas