I did say I expected an occasional sub-2.6c breakdown to spook a few more sellers out but this was pushed harder than I thought. 79m shares sold today properly broke that purple 2.6c support line, that's the reality.
We also don't have much depth left on the buy side to keep up the SP, but let's see how tomorrow goes.
Bright side is we're sitting nicely on the 61.8% Fib retracement line, which acts as a natural support line to some degree, and it sounds like we have a few new holders now who benefited from today (welcome aboard). We're definitely not sitting as snug as two days before after today's selloff, and selling has not completely settled so it further strengthens the case for a breakout next week rather than this.
Not as comfortable today as I was yesterday but will stay calm.
Chart, page-883
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Last
1.3¢ |
Change
0.002(18.2%) |
Mkt cap ! $61.93M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $277.9K | 23.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1159000 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 26151066 | 18 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| BRK (ASX) Chart |