Hi Xman,
Shooting star is evident on the daily chart - usually suggests exhaustion in trend. In this case an increase of supply/selling between 60-63c.
Will need to see how it plays out over the next few days before making a more confident call.
The large increase in volume over the week suggests strong support at 55c and simply entering a consolidation/profit taking phase before the next leg up approaching results.
Will continue to update on any changes.
Best,
Hi Xman, Shooting star is evident on the daily chart - usually...
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $177.5M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.8¢ | 16.5¢ | $4.343K | 26.32K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 244189 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 670034 | 6 |
View Market Depth
| Last trade - 15.45pm 03/05/2024 (20 minute delay) ? |
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Last
16.5¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 16.5¢ | 16.5¢ | 16.5¢ | 28969 | ||
| Last updated 12.41pm 03/05/2024 ? | |||||
| FLC (ASX) Chart |