Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Closed at 14.625p, as it says above.
Going with my theory of there being just three main types of penny stock charting formations on the bullish side, we have Sunkar Resources which is sporting the Leni Gas & Oil (LGO) type of configuration. Indeed, if anything the set up here of a rising trend channel / bull flag above the rising 200 day moving average seems more positive than the daily chart of the company it is said to be a copy of. As can be seen on the daily chart here over the past nine months, from September through into February we were treated to an extended base either side of the 4p level and the 200 and moving average currently at 5.4p and rising. After a couple of false dawn attempts at breaking higher through 6p, the shares finally delivered a mega spike at the end of February/beginning of March. As you might expect, since then the message here has been of consolidation albeit a very positive one, given the way that the floor of the rising December price channel has come in as support, with the floor of the channel currently running through 7.75p. The view now is that while there is no end of day close back below this level we should be due a fresh gap to the upside. Indeed, at this stage only cautious traders would wait on an end of day close back above the 20 day moving average at 8.75p as the buy trigger. As far as where the stock is headed, the obvious target above the 20 day line would be a retest of the March / April spikes through 14p over the next 1- 2 months. - See more at: http://www.shareprophets.com/views/623#sthash.bzcnyG0e.dpuf
They're the ones constantly on the bid. Have they a buy order ?
How things can change so quickly !
You're braver than me ! Nice 20% spread at the moment !
Seems its continually in-accessible, and for no obvious reason. Could it be its just a crap website ? LOL
Thanks for the replies. Guess we'll have to see. Seeing as they said the report 'will' be before the end of the week, my guess is maybe tomorrow or Thursday.
My query wasn't what their price target or opinion will be, but what notice will be taken of it, and will it have any effect whatsoever on the sp ?
How much notice do we think will be taken of this Halyk Finance report this week ? Seeing as they are a Kazakhstan based broker, and especially if all they give is their opinion and price target but no new information ?
Give us a hint.....................good or bad ?? Aguis-Invest..............wonder what the RSI is on TPS, now up over 900% in 3 days !
15 - 20p. ??? I'll hold you to that ! At this moment I'd be happy with anything over 10p !
Yeah, already bought a few more at 8.34p earlier, so have an average of around 9.2p. Not overly concerned, but more frustated than anything. That's the trouble with these SETS stocks, you have to put up with the manipulation. Oh well, here's to a better week next week. GLA
Only one trade at 7.5p that I can see, followed by around 10 trades at over 8.5p ! Either way, buy volume easily exceeding sell volume today and yet the sp is showing as being 10% down !? Something wrong somewhere.