CRR Charts
- Thread starter blu
- Start date
Does this simply mean Canaccord are going to dump on open? Price will probably retrace, so decent buying opportunity probably
Remark
Regular
Not on this one yet. If Canaccord do dump it could retrace to an attractive entry point. Will watch with interest.
lellep
Regular
Winenut
Go AVZ!
I don't think Cannacord will be dumping stock per se
They are facilitating the raise through the unique "flow through arrangements" offered to Canadian mining entities and doing a separate book build for institutional placement at the offer price of 4.5c
What one would expect is the SP on market to drift down to the offer price
That is quite simply what normally happens when there is a cap raise
Picking some units up at the 4.5c mark wouldn't be a bad punt and it could also be a good opportunity to average down a little if you're already currently holding at any higher prices
IMO
Cheers
They are facilitating the raise through the unique "flow through arrangements" offered to Canadian mining entities and doing a separate book build for institutional placement at the offer price of 4.5c
What one would expect is the SP on market to drift down to the offer price
That is quite simply what normally happens when there is a cap raise
Picking some units up at the 4.5c mark wouldn't be a bad punt and it could also be a good opportunity to average down a little if you're already currently holding at any higher prices
IMO
Cheers
Winenut
Go AVZ!
Yes agreed price holding up today but I'd still like to think it will drift to the cap raise price
If not I suspect it's still good buying under 5c
lellep
Regular
How is it looking after CR?DAILY CHART
View attachment 40587
Trend is our friend here, but indicators now getting up there, but as i have learnt over time, SP can travel rather well in OB conditions ( aka LRS ), however i aint observing much volume atm....
Multiple touches now at 5.5c resistance, cant see that breaking out to the upside without decent news, punters waiting for the 75m intercept grade assay , a decent grade of 1.3% + would excite imo.
HOURLY CHART
View attachment 40589
Looking good , bullish chart, plenty of room to move.
Next week will reveal more.
imo
Great minds think alike, was just about to post the chart.
DAILY CHART
The strong resistance zone ( 5.5 / 6.4 ) is becoming a difficult proposition to break, 3 attempts so far.
Strong support at 4.5c, which is where i think this latest dip will rest, so limited down side from here
RSI 14 trend is still intact , MACD is bearish
HOURLY CHART
As you can see on this chart, indicators are over sold and flattening out, so supports my theory of limited downside.
Macro was positive Friday night, so wouldnt be surprised if it bounces from here also
Tomorrow i will look to top up, i dont care about trading the minor waves, more interested in the BAGS with a long term mentality, looking to round off my total holdings so far to 2m shares.
imo
lellep
Regular
Damn 2 mil shares
Good on you, hard work pays off!I will also buy into CRR tomorrow.
Best of luck to you and all shareholders. Looking forward to seeing this develop in the upcoming years!
Btw watched this interesting video last week, I can recomend it. It is 2 months old but still brings up some relevant points.
//Lellep
Winenut
Go AVZ!
With a bit of pressure on the general market and expected cap raising machinations the SP has drifted very close to the Cap Raise price
Good luck to those looking to pick up some units in the 4.5-4.7 range....every chance of getting your orders filled I would say
Might have a crack myself
Cheers!
Good luck to those looking to pick up some units in the 4.5-4.7 range....every chance of getting your orders filled I would say
Might have a crack myself
Cheers!
Well folks, SP is close to OB, sitting on strong support at 4.5, which i hope is the pivot to break that strong 5.5 / 6.5 strong resistance zone to the upside.........needs more good intercepts like that 75m hit for that to happen .
As far as top ups concerned, pretty good opportunity right here, right now, keep a bit left over just in case 4.5 doesnt hold.
imo
lellep
Regular
Hows it looking now?
Not alot has changed regards to TA from last week............4.3c support is still holding.....had a little run leading up to Monday announcement, nice 40m hits at reasonable grade, but Mr Market is a tough son of a bitch atm and slapped it down
All good, i am a patient man, in the goodness of time and more good results, the picture will be alot clearer for the instos and 5/ 6.40 resistance will be blown out of the park.
In the mean time, have a listen to what Mr Cheeseman has to say........
Not going to lie, this stock does frustrate me , stock markets can be weird beasts, goes to 14c in late 2022 on a complete pump and now spends the best part of 18 months stuck between the 78 fib support 3.6 and the 61 fib resistance 5.89, despite having a 8m tonne MRE with plenty of good hits on top of that and more to come ........
Patience is a virtue with CRR
Similar threads
