SUM - Summerset Group

[sb9]

If it got to $4.21 - I would do sum serious buying

And it'll fill quite a few pages on this thread along the way

[winner69]

$4.21 the 52 week low - if it got to this I will do sum thinking... even more interesting because OCA has never looked stronger?

SUM once was 9% above it's IPO price, where OCA is today ..... a few years ago though

Now it's 230% above it's IPO price

OCA might do the same - when OCA gets to 262 wonder what SUM will be

[Beagle]

SUM once was 9% above it's IPO price, where OCA is today ..... a few years ago though

Now it's 230% above it's IPO price

OCA might do the same - when OCA gets to 262 wonder what SUM will be

Where are we in your up trending channel now mate ? Must be right at the bottom surely ?

[winner69]

Where are we in your up trending channel now mate ? Must be right at the bottom surely ?

At 0.7 STDEV from regression line from when SUM started trading its $4.37

[Hoop]

At 0.7 STDEV from regression line from when SUM started trading its $4.37

Hmmm...$4.37 That's interesting Winner...That's my H&S pattern Target price..$4.37 See Chart link at bottom of my post#4952 15th June ..Back then SUM closed at $4.72 today it closed at $4.64..getting closer..

Channel lines are S&R lines...TP is not a support point

[winner69]

Hmmm...$4.37 That's interesting Winner...That's my H&S pattern Target price..$4.37 See Chart link at bottom of my post#4952 15th June ..Back then SUM closed at $4.72 today it closed at $4.64..getting closer..

Channel lines are S&R lines...TP is not a support point

Bit spooky eh

But don't forget that $4.37 is where the bottom of the channel is this week .....as SUM is long term up trending the $4.37 is a bit higher next week ......and so. (Calcs were done on weekly numbers)

[couta1]

Looks like the Teddy bears are setting up camp on planet SUM, could be a long winter of hibernation, or is that occupation.

[Hoop]

Occupation..nah, sounds too hash.....Picnic sounds good, cute furry and cuddly

Winner...If SUM stays within its channel, that rising channel will come up to 4.44 a major support (bull/bear line)... TA charting says If the channel goes higher above 4.44 SUM becomes somewhat derisked (a buy with stops [set just below the second support]) as the bottom channel line is also a support line..further up another support at 4.57..

Sentiment still sucks ..eh

[JeremyALD]

I remind myself that SUM and MET dropped exactly the same as this last year then climbed back up. A good report / update from SUM will get things heading back in the right direction. I just hope there's no unexpected delays / costs from Auckland construction projects because that could hammer SP some more.

[Entrep]

As a comment on the above
There is a hammer candle on the 9th June..... these sometimes indicate a bottom
Attachment 8909
Traders could use the low on that as a stop loss to minimize risk.

This was breached yesterday but now back about it...