well down trend has finished as every ones already aware lol, gap didint get filled but in this case i loose, and for all the people who dont even care about gaps thought i was crazy... well, you were right!
a bottom was formed with 12mil in volume right near a long trending support.
14 was tested, 14 was broke.
down trending chanell @ 15 was tested, which allinged with 23% fib retrace @ 15, a significant resistance on a bounce.
bounce was waiting for confirmation. market indicision was showen when a doji was formed right @ 15
bounce confirmed when 23% fib retrace and down trending resistance was breached, which is enchoraging due to the increasing volume with 8mill shares traded.
the 50% fib line saw some sellers in the arvo closing the price for the day on the 38% fib line @ 16
now that i missed the boat with the bottom pickers on it, i will join the boat where the re-testers are awaiting departure.
i will be looking for a position at 15cents, call me crazy i may even take one at .155
17 through to 19 will see alot of selling all depending on news flow of corse..... i mean this is why the stock is rising in price..... on speculation of good news.
good luck to all, i wish i got in at 13 but i had my buy in at .125 ......thats why i may take .155 and not .15 ahahaha cause im generally wrong!
chart, page-40
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Last
39.5¢ |
Change
-0.010(2.47%) |
Mkt cap ! $573.7M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 40.8¢ | 39.0¢ | $1.291M | 3.270M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 160217 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 119125 | 4 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| IMM (ASX) Chart |