Its Not All Bad!With regard to the wall, there is 30,500 @.62 and 121,000 at .63 on the ask and 41,500 @ .60 on the bid. To me that shows there is still buyers, although selective in the price they will pay. What I have observed overl the past few months is that there usually is 125,00 to 150,000 on the ask a few cents above the bid. When his is removed the stock moves up fairly quickly to the high 68-70 range, until the wall is removed.
Hovever in spite of this temporary problem, there are the following good indicators from a variety of sources..
-the price of tungsten has had two small increases in last week, the first movement in months.
-SIMPLY WALL STREET...has the stock at 47.8% undervalued as of today. Fair value estimate $1.17
-BARCHART.....has a rating of 96% BUY with "current Strength" at GOOD, and "Current Direction" as STRENGTHING.
-FIRST BERLIN has a price valuation of $1.70 wich remains unchanged from Nov 2022
-MARKET SCREENER shows both strengths and weaknesses but has a BUY rating with average price target of $1.59
-MORNINGSTAR.....SHOWS A fair value OF .75 however this is based on todays financials with no weight on potential
I personally like the 1 year chart, which still shows higher lows with the price bouncing off the 50 day moving average. It is getting ready to move!
I think I have got myself pumped up for the weekend and will now enjoy a good single malt.
Have a good weekend all posters