Yes mate, you're right in my opinion. I believe we'll retrace to between 52-56 cents to fill the gap between the open/close as indicated in my chart below.
Here's some detail on the concept of Gaps - https://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2019/10/29/gap-trading-strategies.html
AXE chart, page-47
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 (20min delay)
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Last
30.5¢ |
Change
0.020(7.02%) |
Mkt cap ! $77.72M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 31.0¢ | 29.5¢ | $37.53K | 122.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23500 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 1535 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| AXE (ASX) Chart |