Over the last few months, ST1 hit an all time high, underwent a correction, and is struggling to consolidate.
In hindsight, the telltale sign was the bearish engulfing candle on September 3rd.[1] On that day, It opened at an all-time high of 0.45, only to close at 0.40 - a 10 per cent drop from the open. That was the end of the multi-month rally.
By the end of September, ST1 closed at 0.35, breaking the pink line of support.[2] A few days later, there was another touch of the descending yellow support line (taken from intraday lows).[3]
In mid-October, a sudden bounce saw a testing of 0.40 - this was a key price line, being the close of the past bearish engulfing candle. But the daily candles could never close at that price,[4] and things soon went bearish.
This became a downtrend for the rest of the month, and another touch of the descending yellow line, this time at 0.325.[5] In the past week though, ST1 had taken another bounce off that line.
Looking at the upside, it first needs to contemplate some potential overhead resistance (blue line) around 0.39.[6]
Looking at the downside, there is still a gap between 0.32-0.325 (grey zone). This emerged in August, and hasn't been filled yet.[7]
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Last
5.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $83.36M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 211531 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.9¢ | 20500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 211531 | 0.049 |
1 | 100000 | 0.048 |
1 | 581395 | 0.043 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 20500 | 2 |
0.060 | 1040000 | 2 |
0.093 | 10238 | 1 |
0.100 | 8514 | 1 |
0.150 | 33407 | 1 |
Last trade - 11.22am 27/08/2024 (20 minute delay) ? |
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ST1 (ASX) Chart |
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