Picked up a position in SMF today. SMF has some work to do to get the their main mine back up and running after some bad shit.
I like the company from a fundamental perspective. They seem to have formed a nice base here at the 2.75 level. MACD and DO crossover. RSI oversold
Stop at 2.58, price target of 3.5
I like the company from a fundamental perspective. They seem to have formed a nice base here at the 2.75 level. MACD and DO crossover. RSI oversold
Stop at 2.58, price target of 3.5
Comment:
My stop has been triggered, tho tempted to double down, I am out of this trade for the time being.
Comment:
Looking for re entry at the 2.40 level or other signs of life. This drop appears to be on the back of a news release stating the mine will not reopen this year. Which I think was obvious at this point. Shrug. I still think it's a good company with a real value closer to 5 when when things clear.