I agree that we should bounce fairly soon....
for me the giveaway is the very small ranging candles on the hourly chart when compared to the previous time we hit 88c on the 18th Oct.... imo there is no real selling taking place, none that could make it into a more sustained sell off anyway...... the lower volume also backs this up on the re test of the lows when compared to the 18th Oct....
Supply is very minimal here.....
EMC Chart, page-366
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Last
12.5¢ |
Change
0.010(8.70%) |
Mkt cap ! $135.1M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 12.5¢ | 11.0¢ | $64.48K | 530K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 77200 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 40000 | 1 |
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| Last trade - 12.05pm 05/07/2024 (20 minute delay) ? |
| FLC (ASX) Chart |