"Waiting for something" is sometimes the hardest part and there are a lot like it.
I mentioned previously that it was hard to get a grasp on resistance and support until EGR settled down a bit after that volatility. I've tidied my chart a bit and removed some levels at 17 and 13.5 that were just cluttering and that's left this trading channel between 14 and 18 and the fairly strong resistance at 22/23. It's just consolidating and more than likely being traded by makers and the pro's for that 25% swing in that channel.
The volume also indicates a little lack of interest but EGR is certainly not alone there.
EGR Chart, page-635
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Last
11.5¢ |
Change
-0.010(8.00%) |
Mkt cap ! $56.75M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $1.434K | 11.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13900 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 7999 | 1 |
View Market Depth
| Last trade - 11.18am 12/07/2024 (20 minute delay) ? |
| EGR (ASX) Chart |