Xtract Resources Share Discussion Threads

[picardy] 06/11/2021 10:07

Helpful TA stuff, papillon. I hope it bounces off the 50dma though.

[papillon] 06/11/2021 00:24

free stock charts from uk.advfn.com


The Heikin-Ashi candlesticks show that the XTR share price is still in a short term downtrend, but that will change. The question is, when?

The 14 day RSI is not yet above 50. As you can see, over the last 6 months an uptrend needs an RSI > 50 and rising up to 70 and above

PS. The longer term trend is most definitely up, but as history shows us, ODR, shares can become overbought and oversold. Back in January of this year the XTR share price became seriously overbought and back in July it became oversold. Both conditions led to reversals. At the end of October it became seriously overbought again. How do you know if it's seriously overbought? From the RSI and the percentage distance above the 200 day EMA. It's surprising, but shares have a habit of dropping back towards the 200 day EMA after being seriously overbought. It's easy to become carried away and succumb to enthusiasm when a share becomes seriously overbought. I should know I constantly fall into the same trap.
We've had a lot of good news this year and the 200 day EMA has risen from just over 1 to just over 4 during the last 10 months. Most of the rise occurred in H1 of 2021 due to the massive spikes up in Q1 due to the raft of good news, but the share price gradually fell back towards the rising 200 day EMA. The news since Q1, though good, has only tended to reinforce the good news issued in Q1. However we could get exceptionally good news again (perhaps next week?) that causes the share price to spike up again, repeating what happened in early January and the cycle is repeated all over again.


free stock charts from uk.advfn.com

[papillon] 05/11/2021 23:50

OneDayRodders 5 Nov '21 - 06:54 - 3521 of 3533
0 0 0
Charts are always a wonderful in hindsight

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

They certainly are, ODR's. They are just historical price records, but history has a habit of repeating itself.

[onething] 05/11/2021 18:46

It was a rhetorical question. And strictly 'uncrossing trade'.

[all in eol] 05/11/2021 18:31

Uncrossed trade

[onething] 05/11/2021 18:23

No one cares. Nor should they.

Do you even know what UT stands for, or what those two words mean in this context?

Try not to let the closing price spoil your weekend. Or anybody else's for that matter.

[papillon] 05/11/2021 17:48

The chart in the header is wrong. The official spread at the 4:30pm close was 4.90-5.10p, yet advfn have taken a UT trade price of 5.10p, for a piddling 992 shares, timed at 4:35pm post auction, as the closing price.

[onething] 05/11/2021 11:31

There are very few trades going through today. Volume has steadily dropped all week and today seems to have fallen off a cliff. I wonder if those who have gleefully documented this week's fairly mundane pullback (not yet quite reaching a 50% Fib retracement) have any words of wisdom. Maybe it is too soon for their particular brand of hindsight.

Papillon aside, of course, as although he makes regular pronouncements he, by his own frequent admission, knows nothing.

[onething] 05/11/2021 10:49

I think it would be true to point out that these calcs/estimates are for a figure that represents the value of the Bushranger resource only, which should be considered as in addition to the value of XTR's other residual assets and ongoing business.

This residual value in itself is arguably greater than the current share price suggests. You could therefore present Bushranger as being regarded by the market as completely valueless at this moment in time.

Quite an absurd situation.

[steve4077] 05/11/2021 10:21

To be fair, that was based on the lowest possible valuation which he stated would never happen. His 'conservative average' was 18p, assuming nothing from the south-east anomaly and no value for the remaining 20%, so realistically he is in line with CB's 25p estimate.

[divmad] 05/11/2021 10:06

True, but the leading poster over there has put in a low ball value for BR of 5p basis 1bn shares. Incredible.

[lurker5] 05/11/2021 09:31

On a sensible note. I see the other side (where I don't post due to its biassed manipulation of cautionary research) is asking questions re valuation. They should know that Jorc resource estimates almost always start off almost entirely indicated. Converting to measured usually adds considerably more than 100% to an in-ground valuation. (See Edison's occasional publications on the subject. But even they don't have enough data or examples to be very reliable)

[lurker5] 05/11/2021 09:17

Re GFG
Idly looking at GFG's posting history, it seems a manic 11 per day since August, on
cos he obviously knows nothing about beyond what's already out there. So one of those inadequates who fill their empty days on BB's compensating for failure to be noticed
in any responsible real life sphere. If ignored, they go away eventually like children back into their playpen.
Proper investors are prepared for market related ups and downs. I doubt GfG will be able to scramble back into XTR if one of those momentary 'capitulations' hits it.

[goforgold1] 05/11/2021 07:46

This difference now is you have shares in locked to sell at 1.25p . This is going down till they are cleared . There are millions to sell . Each day they will be drip fed into market Mms know this . So they walk it down to get them as cheap as possible.

[onedayrodders] 05/11/2021 06:54

Charts are always a wonderful in hindsight

[papillon] 05/11/2021 01:02

free stock charts from uk.advfn.com


Five consecutive black candlesticks is unusual. A sixth consecutive one would be very unusual.

I have drawn a trend line joining the 3 low points since early July and extrapolated it. Will the share price drop back to that extrapolated trend line? Answers on a postcard. 😁

[papillon] 04/11/2021 18:41

Heikin-Ashi XTR chart.


free stock charts from uk.advfn.com

The XTR chart is still bearish. When the chart will turn bullish again I have no idea (please note Onething! 🤣)

[papillon] 04/11/2021 18:38

Onething joining gfg1 on my filter list.

[goforgold1] 04/11/2021 18:12

Wow what next Rolf Harris come back from dead to sing .

[onething] 04/11/2021 17:06

Smart money will be kicking itself for not foreseeing that Adele, the singer, might be planning to become personally involved in the exploration of the Bushranger resource in collaboration with Colin Bird's XTR outfit.

This may of course not happen and I, for one, definitely don't know if this will in fact turn out to be the case.

Thank you for spending time reading this.

[papillon] 04/11/2021 16:57

Of course it might not drop to 4p. 4.9p could easily turn out to be as low as it goes. Who knows? I definitely don't.

[onething] 04/11/2021 15:34

"Dunning Kruger" - Thanks for that. Googled it. Very apt, across the board, so to speak.