Weekly chart below. Solid breakout bar from upper trend line previously charted.
On the Daily, we have seen a breakaway gap up (a fundamental shift overnight - FDA approval would do that!). This is what we wanted to see for elliot wave theory to keep on coming. This is currently the 3rd wave of the larger 3rd wave set. The daily chart didnt really obey gap theory in various areas, so I dont expect this breakaway gap to close. I expect some range trading here between 57c and 72.5c, until this upper level gets demolished and then its upwards to 99c or more. This 99c level probably doesnt need any more news flow, the future news will start to get price in now. Ignore the daily noise, unless your game to trade it.
GLTA!
OCC chart, page-1605
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Last
42.5¢ |
Change
-0.005(1.16%) |
Mkt cap ! $88.02M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 42.0¢ | $90.9K | 214.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12850 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 24056 | 2 |
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| Last trade - 15.54pm 27/09/2024 (20 minute delay) ? |
| OCC (ASX) Chart |