Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It came so close to holding the 220 line, literally within minutes, that would have been great.
The next support is now 205 imo, the chart is textbook reversal (sadly), todays pattern has engulfed the previous two. Open tomorrow is key
GLA
Technically, they're both on significant trends that are going upwards. There are others who can describe the fundamentals better, and I guess it depends on your own personal definition of value, if you're looking at growth, and returns in 5 years from now, then you'd have to give ITM the edge, but research in what you're looking for, is critical.
Resistance trendline is looming down, at my estimation of roughly 0.40 a day
There was a dip to 27.55 today, but otherwise the support line is constant at around 30.2
17 trading days left until the lines are predicted to converge
It's a clear HOLD for now, but it's going to be nervy if it goes all the way towards the point of convergence. I am slightly pessimistic as the probability of the trend means it usually goes downwards, but any direction below sub 30 is a great value opportunity.
Yeah its firmly on the radar now, shorters, scalpers etc shaking around a lot now
It had a good go at holding 240, but couldnt sustain it, its good to have that reference now though, fell through 230 with ease
I managed to grab some back at 221,
Just made a note that my prediction is the 15th of June is 'wedge day', if anyone is following the trend through the charts. Plenty of time but an upward break, before then would be most welcome.
With the market price, you are essentially buying from the first seller available, and at whatever cost they demand.
Use a limit to set your price, unless you want to get in quickly and don't care what price you take.
I would recommend further research on the 'order book' and Level 2
Volume of buys/sells is misleading, you cannot have one without the other right?
Price of trade affects the SP (After all, in theory the SP is the last price traded)
It's the hunt man.
There is a huge tug of war going on at the moment, very few want to buy for a cent more than 30.0, and likewise not much selling action above 33. The spread is the no mans land.
The tide is turning here, get ready..