Hi budda, na not absorption, that term is normally only used ... at a resistance area when the pros are willing to buy the selling ie. absorb
This imo is simply a support bounce (plus the overall markets went well), third time lucky hey
But now, it has to prove itself by at least putting in a higher low, we can all see on the chart what target it has to reach first for part of that to be acheived.
If a HL is confirmed and it shows 'testing/no supply etc' in that area, all aboard.
2weeks til xmas, page-43
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Last
$6.28 |
Change
-0.130(2.03%) |
Mkt cap ! $5.879B | |||
| Open | High | Low | Value | Volume |
| $6.31 | $6.34 | $6.27 | $2.815M | 447.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 10783 | $6.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.29 | 18987 | 61 |
View Market Depth
| Last trade - 11.28am 10/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |