That little pennant forming at the moment might have us in the early to mid 20's next week. I'm up to my neck in EXR, or at least my SMSF is, with no trading parcel, so the charts are a passing interest. This little duck is holding onto these until at least $3+ in the next couple of years
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Still holding, albeit sold some to buy AVZ as it was descending into the low 80's, but that's a story for the kids in years to come.
Back to EXR, love the management here, and obviously the potential to provide for my retirement in 6 years
Weekly chart shows long down trend broken IMO
IMO we are witnessing a confluence of fundamentals, news events and charts.
Fundamentals discussed recently at the
Noosa Mining Conference Nov 10 2022
Expected news flow in 2023 :
- Flow test progress/results from Mongolian Nomgon CBM project (Q1 2023)
- PFS on Mongolian Gobi H2 project (Q1 2023)
- Appraisal well later in 2023 for the petroleum exploration permit ATP 2044 in Queensland purchased in August 2022
Daily chart shows breakout on 31 March, followed by 3 back tests of the down trend in April , May & June and potentially culminating in what might be a Golden Cross (50/200 Day EMA) forming, marking the beginning of a long term trend change as all the above plays out.
Nice story, will check in later to see if we get a happy ending.