$Elixir Energy Ltd(EXR.AU)$ 1-Oct is just around the corner. Market should have sniffed something by now? But it seems more uncertain at the moment. The share price corrected significantly yesterday while bouncing back in a meaningful today. This is probably a good thing - the deal has not been wrapped up.
As I cannot be further from the real action, I can only read the tea ☕ 🍀 🌿 from the charts... and all I can see is price action in the movement chart if any.
A cup and handle formation has apparently been formed recently. After the handle formed, it is followed by a first higher low and higher high. 8.5 cents is a near term resistance line. After clearing that, the target for cup and handle is 10.8 cents.
Secondary charts look good at the moment too. MACD, KDJ and RSI are all positive. Volume is also raising. As far as charts are concerned at the moment, EXR is looking up.
1-Oct... Just around the corner. Guess we just need to wait and see. Deal or no deal, oil and gas is after all in a good space at the moment. Just need to ride through the rough patches and the good times will arrive.
Just my 2 cents.
@Daily_Discussion @Tiger_comments @TigerStars
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- JohnMitchell·09-30 10:02TOP10.8c still feels conservative to me. If 8.5c breaks on volume, this can squeeze a lot faster than people expectLikeReport