This one is less than 100 lots.. Another broker is for long term.. The weekly target is still 1.80. For the short term, next Tuesday will buy again if the short-term chart looks good. It seems the momentum a bit low.. So concentrate to another counter.. AAX
Retailers are advised to be prudent as too many punters have encouraged people to buy despite the price has gone up. Take your profit and wait for the price to come down first before buying in. Trade at your own RISK (TAYOR)
Salutica shares issued is ~420 million shares. before April , the share price is just below 0.3, giving it a market cap of ~120million
Over past two weeks, Salutica total volume traded is ~500 millions shares, trading within 0.60 to 1.68. If the sharkgroup just make 30 cents from the 1.00 gap through active trading., It would have made ~ 150 miliions, more than salutica marketcap before the run.
Even the stock price tanked down back to 30 sen, The insider has basically make more than what the company initial market cap is worth.
The new shareholder owns 20 millions shares, out of 500 millions traded. great bait this is.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
rr88
6,532 posts
Posted by rr88 > 2023-04-28 09:37 | Report Abuse
Sideways consolidation 1, 2, 3, 4 days many days. Because too many sellers at 1.01 - 1.05.
Buy areas:
Either:
0.95/0.96 at support on weakness
Or,
1.06/1.07 upon breakout above 1.05 resistance
But not in between.
Should it does not work out, cut loss 3 - 4 cents below cost.
Good luck.