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ASX:SUV - Primed for jump
S
SUVO STRATEGIC MINERALS LIMITED
Long
ASX:SUV - Primed for jump
By jakebabula
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Jun 25, 2021
0
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Jun 25, 2021
I am yet to own any stocks in this company. I stumbled across it by chance and thought I would share what I found.
What we are looking at here is a solid uptrend, which then turned into a consolidation period.
After which, it tested its (0.210) resistance line twice. Before dropping back down to test its (0.125) support line again.
I am thinking this could be a good opportunity to buy in around (0.125) and sell at next peak (0.210).
If price falls a fair amount below (0.125) I wont be interested in the trade.
As always DYOR.
I hope this helps someone :)
ASX
asxlong
asxsmallcaps
breakout
Chart Patterns
consolidate
downtrend
Technical Indicators
primed
pump
Trend Analysis
uptrend
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