NVA has now gained almost 98% since its pivot bottom last Wednesday (13th), had has now gained for I believe 7 of the last 10 trading days. Volume fell today, and we know that falling volume on higher prices could lead to divergence, early warning sign for possible changes in the trend so that's something to keep in mind over the next couple of sessions. If there are corrections down, there is support at 16c and 11c, so could be some buying opportunities, but I'm not holding my breath. NVA is overbought atm as you might expect, normally would be a good selling opportunity but since NVA has broken the trend up, chance for a correction is low as we will find support as soon as trend has broken. I don't think we have reached a pivot top as of yet and a Fibonacci extension seems to predict that the top could be around 21.4c which would be a 261.8% measured move from that bottom we saw last week.
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rising rate. Not expecting any major reactions as the chart is in good shape technically speaking. The current level may hold a buying opportunity as there is a fair chance for SP to perform well in the short-term period, for the long-term unsure as of yet, but that's where fundamentals come in to play.
GLTA.
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $42.62M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 17.0¢ | $29.65K | 167.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 21990 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 0.165 |
4 | 101163 | 0.155 |
7 | 165467 | 0.150 |
3 | 141378 | 0.145 |
5 | 555000 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 21990 | 1 |
0.190 | 26896 | 2 |
0.195 | 4995 | 1 |
0.200 | 43461 | 2 |
0.220 | 4500 | 1 |
Last trade - 15.56pm 18/09/2024 (20 minute delay) ? |
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NVA (ASX) Chart |