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Online Share Trading

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Where will this share hit resistance

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Super Contributor
Anyone have any thoughts on where we will hit resistance?
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5 REPLIES 5
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Maggie, depeneds on timeframe used for restistance. Short term (last 60 days) it is sitting at resistance but if it breaks up should goto about 260 then 275 (75 and 90 days back). Beyond that dbl top was at 320. BTW I dont trade this share so just looking at charts
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Super Contributor
Apparantly they are thinking of either merge with the uuu business or selling there share outright. Glimpsed article on the weekend that states that they have received regalatory approval to buy one or the other mine which they will merge with their present operation. May become a punters darling again.
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Super Contributor
Is at resistance and seems to be comming out of a bit of a squeeze - take profits at about 250 and 265, and exit at about 275 imo. Will have another quick look and say more now now.
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Super Contributor
Short term there could be a pull-back to around 230, With these small caps though, there may not be enough volume to bring about the pull-back. If you happy with your profits at this level - exit.
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Not applicable
Simmers was one of the promising looking shares discussed on Simons show last week, if I remember correctly.
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