looks like a V rebound retrace run to 8.0 is ON.
low offerees onscreen to 8.0
The capitulation selloff is over looks like and the buyers well exceed sellers.
Who would want to sell at 7c anyway if they bought at 13.5c or 20c or even at 35c last year?! Crazy stuff.
Better to average down and buy low.
Lets see if yesterdays low volume resistance at 7.0 cracking it back to 6.5 is sustained today or if it smashes it.
I cant see 7.0 as a real resistance point especially considering the small MCap of $23M when it used to be $200M and BIT with 1 product no factory no revenue no production or phase 3 results is at $150M MCap.
What the heck is this doing at these record lows anyway.
That long TH panicked the short holders and looks like the longs cleaned them up easy.
Sellers at 5.0c will be kicking themselves now as it heads to 8c.
Only 1 offeree at 6.7c for a small 40k.
Volume still very low meaning no large sellers anywhere in sight. Need to see volume selling 1M-5M for a real signal resistance point. May overshoot with this low volume.\
Buy at lows.
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Last
$15.68 |
Change
0.680(4.53%) |
Mkt cap ! $331.4M |
Open | High | Low | Value | Volume |
$14.90 | $15.75 | $14.85 | $431.9K | 28.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200 | $15.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.95 | 300 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200 | 15.210 |
1 | 100 | 15.020 |
1 | 332 | 15.000 |
1 | 500 | 14.770 |
1 | 1000 | 14.450 |
Price($) | Vol. | No. |
---|---|---|
15.950 | 300 | 1 |
16.000 | 250 | 1 |
16.030 | 999 | 1 |
16.500 | 971 | 1 |
17.500 | 511 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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AVR (ASX) Chart |