Still lagging well behind AUT abobee.
It appears everytime EKA gets some momentum impatient holders come in and pull it back.
Needs some positive news to get it past that 35c mark.
Well undervalued imo.
Looks like a few buyers stacking up.. directors buying up, other companies buying up as much land as they can get there hands on in the area, big buyer at 30c, things are looking good !
Struggling to show patience with this one. Buyers verses sellers look strong and yet the sp doesn't move and very little volume.
Might try a bit of Noika strategy and shift to AUT which is on a low.
Have I got it wrong? I've just gone the other way. AUT to EKA. Must admit that I got in before AUT fell and EKA rose a little. They haven't changed enough to go back yet in my opinion.
Well Noika lets see.
I'm doing the experiment with 10k. So, dropped 10k of EKA at .32 and grabbed AUT at 2.05. To make it viable, I want 20% growth so it's a race between Aut making 2.46 and EKA going to 38.5.
I have no idea how this will go as both have pros ands cons in this race and AUT may have a few fluctuations along the way with the 2nd tranch of funding happening which may be another opportunity.
As I've mentioned before, I think in the med/long term we may be talking about the one stock anyway.
Back to the turkey. Merry Christmas.:chimney
Assasin.. Looks like Aut is going to win that race. Sitting on $2.42 while Eka 34c atm.
Think you maybe correct in saying that in the long run it being the one stock.
Cant see Eka sitting around at it's current sp without a takeover happening.
My
Personally I like to buy on a low volume green bar with breakout criteria being satisfied.
Today's chart I have seen too many times and I believe EKA will see a few days of consolidation and drying up of sellers .
I think that my chart explains it in a reasonable fashion of my views and thoughts.
Good luck to all EKA holders.
DYOR
View attachment 40759
It's nice to see EKA sitting at yesterday's high, and judging by a long-term chart, the highest it's been for 2.5 years.
I would be happy for this to consolidate, before the next leg up with more production updates and the quarterly report due sometime this month, I believe.
Been looking at a recent chart and it's formed a nice wedge (even with the small break-out yesterday). I'm expecting it to close pretty flat today (at either 35.5c or 36c) but to break-out higher by the end of the week.I would be happy for it to keep going upwards ! IMO 40c should be achieved and new trading range in 40-44c range.. this is just my opinion..
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