Mordecai
Norm Smith Medallist
Hi,
I'm new to the game and this is the first share I have begun to follow.
I managed to get in at 2.49 after it broke through a few support barriers and then was very fortunate to see it rise to 3.30 before it was suspended. This was because of foreign investment interest.
It has since pulled back to 2.20 and then rebounded to 2.50. Support barriers seem to be around the 20 cent marks. Today it crashed at the end of trading to 2.38. I can see it falling below the 2 dollar mark soon given this breakout at which point it might be a good time to buy.
Latest news - http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSSYD46666620090309
Edit: Disclosure - Bought at 2.49, sold at 2.96. Looked to get back in at 2.20 but missed the boat. Still looking for an entry but not holding at the moment.
I'm new to the game and this is the first share I have begun to follow.
I managed to get in at 2.49 after it broke through a few support barriers and then was very fortunate to see it rise to 3.30 before it was suspended. This was because of foreign investment interest.
It has since pulled back to 2.20 and then rebounded to 2.50. Support barriers seem to be around the 20 cent marks. Today it crashed at the end of trading to 2.38. I can see it falling below the 2 dollar mark soon given this breakout at which point it might be a good time to buy.
Latest news - http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSSYD46666620090309
Edit: Disclosure - Bought at 2.49, sold at 2.96. Looked to get back in at 2.20 but missed the boat. Still looking for an entry but not holding at the moment.