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09-03-2018, 01:22 PM
#1461
https://www.nzx.com/announcements/315341
PPH on ASX being added into ASX All Ordinaries eff Monday, 19th Mar 2018.
This kinda explains the reason behind all those high volume trading days this month.
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09-03-2018, 01:28 PM
#1462
Originally Posted by sb9
Pretty efficient. I get an email alert. Loh and behold its a PPH announcement.
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09-03-2018, 09:29 PM
#1463
Originally Posted by gbogo
agreed that this volume is significant. just not sure of what! i recall such high volume and low movement being called Price Acceptance. eg $3.90 is the new anchor level. 10% below the highs, 6% below the index-entry highs.. on balance, I think this is positive. nervous big Longs are happy to quit up here. new Longs are happy to instate - either because they have to buy (more index buying..?) or because they know something.. one month until next market update IIRC, so a little more time to assess. meanwhile a break below $3.70 or above $4.00 would presage a further move in the same direction..
Hopefully it keeps going past 4 then ...close at 3.99
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12-03-2018, 12:31 PM
#1464
Member
assuming $4.00 holds now, next target is $4.70 area (Jan $4.40 high - Feb $3.70 low = 70c. $4.00 + 70 = $4.70..). given it was almost 3 months of consolidation (mid-Dec index entry, to mid-Mar), should be quite a strong move...
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12-03-2018, 01:44 PM
#1465
Originally Posted by gbogo
assuming $4.00 holds now, next target is $4.70 area (Jan $4.40 high - Feb $3.70 low = 70c. $4.00 + 70 = $4.70..). given it was almost 3 months of consolidation (mid-Dec index entry, to mid-Mar), should be quite a strong move...
It all depends on quarterly update to be reported early next month. A solid quarter could it push close to $5 mark....(my target price for some profit taking)
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13-03-2018, 01:19 PM
#1466
Just pushed through its four week high of $4.15 to $4.18. Next stop 12 month high of $4.45
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13-03-2018, 01:23 PM
#1467
Originally Posted by minimoke
Just pushed through its four week high of $4.15 to $4.18. Next stop 12 month high of $4.45
Make that $4.20...also noticed big crossing of close to million shares happened in last 10min or so...
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13-03-2018, 02:06 PM
#1468
Nice move last couple of sessions. Interesting thought about stopping at 5$.I would guess good solid numbers this time, then some really big numbers later this year, then the listing on the Big Board at the end of the year. Would guess that would all add up to 6+ based on how this company moves with the news.
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14-03-2018, 11:50 AM
#1469
Originally Posted by cymonger
Nice move last couple of sessions. Interesting thought about stopping at 5$.I would guess good solid numbers this time, then some really big numbers later this year, then the listing on the Big Board at the end of the year. Would guess that would all add up to 6+ based on how this company moves with the news.
Not really thinking of stopping at $5, just take some profit off the table.
Quarterly update scheduled to be announced on 11th Apr, let's see how the numbers unfold.
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14-03-2018, 12:21 PM
#1470
Originally Posted by sb9
Not really thinking of stopping at $5, just take some profit off the table.
Quarterly update scheduled to be announced on 11th Apr, let's see how the numbers unfold.
As long as market doesn't get disappointed with AMCR going backwards it should all be honky dory ....and $5 to $6 here we come
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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