Low risk entry for SORWaiting for volume to come in to see where SOR moves over the next few weeks, but given all lithium names are moving, this one is sure to follow.
Mini head and shoulders pattern that needs to be broken with a cross of 32.5c, but good low risk entry here i feel given the sector movement in the past week.
SOR trade ideas
SOR nroken down trend on good volume.Will likely see follow through tomorrow into the 40c range. Entry here with stop at 32c is good risk reward.
Ive been watching it since last spike to 40c but will likely look for an entry once 40c is broken and then retested.. unless news comes out.
Short term target of 50c by end of the month definetly possible if it moves well tomorrow.
SORBeen following this for a little bit and took a couple of positions after the big retracement, not the best entries but still in profit, but more excited about the current formation towards the major resistance level.
If we have another push towards that resistance at .40 we could see a break and start to really accelerate the trend and build new structure above.
Keeping a close eye on the .40 area incase we are met with a rejection and we fall back to range lower.
Quick Scalp on SORPick this up on my scanner on spark and it was forming a very nice break out play that I’m comfortable with. Love these kind of stock, low cap and low float.
1 Min: when I see a bullish hammer on the match price and formed a double bottom as well I get very excited. Got in on the break out to the upside but got out to early.
Once I saw the 80 cents wall drop from the ballers on the tape that’s when I got in at 80.5 at 10.21am with 3,000 shares. Then I got out way to early could of made an extra 5 cents but got out at
85 at 10.27. once it hit 90 cents then it came back down hard.
$SOR:ASX - STRATEGIC ELEMENTS - Australian Innovation FundCould be an interesting stock to follow and likely to be spiky on news with some really interesting projects they are backing. Quite a bit of upside on these spikes too. Worth a read of what they do and their recent announcements. Super speccy. Could be worth a watch.
The Australian Federal Government has registered Strategic Elements as a Pooled Development Fund with a mandate to back Australian innovation. Strategic Elements operates as a ‘venture builder’ where it generates ventures and projects from combining teams of leading scientists or innovators in the technology or resources sectors. Due to the Pooled Development Fund program which Strategic Elements operates under, most shareholders pay no tax on capital gains or dividends . The Company is listed on the ASX under the code “SOR”
Strategic Elements Limited is a Pooled Development Fund (PDF). The Company invests into small and medium sized Australian companies to assist in the development or expansion of the company. The Company's segments are Metals and Materials, and Research & Development. The Company owns Australian Advanced Materials Pty Ltd, which is engaged in developing a memory technology. The technology consists of tiny cube-shaped memory cells with potential to enable memory to be printed in an ink onto a range of materials, such as flexible plastic and glass. The Company also holds investments in Maria Resources Pty Ltd (Maria Resources) and Strategic Materials Pty Ltd (Strategic Materials). Maria Resources owns the Officer project. Strategic Materials owns the Golden Blocks Project in New Zealand. The Company also licensed new Ultraviolet (UV) light transistor-memory combination technology (UVTM), which enables a transistor to have non-volatile memory capacity.
