@torrita you have summed it up very well IMO
And without knowing all the fundamentals of this stock and what is driving it up.
It gapped up strongly on that CR announcement that included
"The completion of the A1 Mine ramp up and expansion"
The dark cloud cover candle on the 24th with confirmation on the 28th would have been my short term exit based on the Fundamentals that the gap up was good news with a CR at 0.15c . The gap will be filled @18c there is a large amount (over 1 million) sitting just under the gap at 0.18c whether this is an attempt to support it I'm not sure but accumulation usually sits within the gap soaking up as much as possible before it eventual closes.
Like you said the support at the top of the Symmetrical triangle is also the gap close along with a large quantity sitting there so you would be hoping for it to bottom there however most come back to the CR price so if that support is broken at 0.18c then 0.15c the CR Price and which is supported by the bottom ascending line is highly possible..
TMG (which I recently took a position in after the CR) is a good example of a stock that did not come back to its recent CR price but I find that most do hopefully KAU is another that doesn't - GL And AIMO.
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KAU
kaiser reef limited
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25.3¢
KAU chart, page-3
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|
Last
25.3¢ |
Change
-0.008(2.88%) |
Mkt cap ! $157.3M | |||
| Open | High | Low | Volume |
| 25.5¢ | 25.5¢ | 24.5¢ | 1.299M |
Buyers (Bids)
| Vol. | Price($) |
|---|---|
| 349783 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. |
|---|---|
| 25.5¢ | 372762 |
| Last trade - 13.15pm 20/04/2026 (20 minute delay) ? |
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