what tells me the trend is reversed.
ummm, well the recent down trend from the high @ 28.5 to now, this down trend started on the 16th april and appears to have found support yesterday on the 29th may @ .13.
(thats a 55% move down in 1month and 13days)
a break of .15 with nice volume and confirmation of that broken .15 line would say to me the SHARP downwards sell off is ending. and the side trend from .13 to .27ish will continue to be the focus.
the price movements to highs and lows are very fast.
all i can say is take profits and be carefull...but im never going to get rich from trading with that attitude and to be honest if i had adopted that attitude i would have blown all my money by now lol.
hope my interpretation of the price helps your own thoughts!
chart, page-27
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 (20min delay)
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Last
29.0¢ |
Change
0.020(7.41%) |
Mkt cap ! $421.8M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 29.5¢ | 27.0¢ | $1.138M | 3.985M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 63444 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 65000 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| IMM (ASX) Chart |