7.4c is the 23.6% Fibonacci retracement from 52 week high.
You may find this will be the current support level and would expect a decent bounce just prior to the quarterly being released. They would not have paid an 8% premium to current price if they did not have certainty that all things moving forward will be all but positive including the upcoming report.
I now have a short term price target of 14c as I would expect RSI to hit 80% towards end of month.
cheers
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3.0¢ |
Change
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Mkt cap ! $43.93M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.4¢ | 3.0¢ | $37.54K | 1.177M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 522200 | 3.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 418376 | 1 |
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| Last trade - 12.49pm 25/07/2024 (20 minute delay) ? |
| WZR (ASX) Chart |