Sovereign Metals Ltd: SVM.AXRecent uptrend and rest
If 20c can hold, watch for break of pattern to the upside
Drop off in volume
Price above all EMA
−0.0083USD
−3.876MUSD
381.82M
About Sovereign Metals Ltd.
Sector
Industry
CEO
Francis John Eagar
Website
Headquarters
Perth
Founded
2006
ISIN
AU000000SVM6
Sovereign Metals Ltd. is an exploration company, which engages in the explorations of graphite, copper and gold resources. It operates through the Queensland, Australia and Malawi geographical segments. The Queensland, Australia segment covers the Tate River Project and the Carpentaria Joint Venture. The Malawi segment includes the Central Malawi Graphite Project. The company was founded on July 20, 2006 and is headquartered in Perth, Australia.
SVM to re-test strong resistanceat 0.12-0.14?SVM showing potential for a move up towards established strong resistance above $0.10
On this hourly chart, watch for RSI to bounce off of RSIMA(30) as the SMA(50) closes in on the SMA(200) within the highlighted red box (or later, who really knows?).
On the daily chart, this will be seen as the S
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