Taking a step back and looking at the charts.
We had a strong run up from $0.60 lows of Oct 2022 to the Dec 23 high of $1.78 (in a classic Eliott 5 wave pattern for completion of major wave 1). Now into a correction (so major wave 2) and about to hit the 38% Fib level. Correction could end around here or we could see further downside to the $1.19 (50% Fib) level.
Overall, if you are patient, when this corrective phase is complete, we should then see the start of a very significant Wave 3 that could rise $1.91 (1.62x Wave 1) from wherever the Wave 2 low settles. Bottom line - patience is the key for current holders.
Taking a step back and looking at the charts. We had a strong...
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 (20min delay)
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Last
$1.94 |
Change
-0.033(1.65%) |
Mkt cap ! $2.220B | |||
| Open | High | Low | Value | Volume |
| $1.95 | $1.96 | $1.93 | $888.3K | 456.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 87846 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 20117 | 19 |
View Market Depth
| Last trade - 11.39am 03/06/2024 (20 minute delay) ? |
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Last
$1.94 |
Change
-0.033 ( 0.54 %) |
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| Open | High | Low | Volume | ||
| $1.95 | $1.96 | $1.93 | 129705 | ||
| Last updated 11.57am 03/06/2024 ? | |||||
| RMS (ASX) Chart |