Thanks Boomer55, great Elliot wave interpretation IMO.
Tangentland, re the double bottom. Technically it was breached when POH had a daily close at 11c recently. Was looking very dicey at that point. However the buyers came in to push the price back to 13c. Great. One small problem. A daily gap up has been left between 11.5c and 12c. Gaps are almost always filled. We may well see 11.5c support revisited which would make a triple bottom. If this happens, I would expect it to hold. So we may well get get one more test of 11.5c. If this happens, it would be the last brief opportunity at this price IMO.
Last 2 weeks has seen a great rise of 18%. Convincing volume however has been lacking. Momentum has been good and hopefully continues.
Moving forward say one year, I think the technical chartists and the fundamental analysts will be very happy.
chart update, page-10
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.338M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 36084472 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 35403846 | 21 |
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| Last trade - 16.12pm 11/10/2024 (20 minute delay) ? |
| AVE (ASX) Chart |
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