IOU has just popped up on my radar.
Looks very interesting as others have suggested:
- Price is currently trading at previous historic highs - Support
- MACD is record low levels
- 200mda currently 26.5c
The fact that IOU is currently trading at two major support levels (200mda and previous historic highs) I would expect strong resistance and atleast a relief bounce. IOU has never tested 25-26c before so will be interesting to see how this trades.
There is a gap at 20c so could possibly overshoot for a short period with a quick bounce afterwards.
I've dipped my toes in at 26c but will load up on any panic - overshoot to close the gap (which may not happen)The first target would be the 50 moving day average currently at 33.5c but dropping fast. Has proven to be strong resistance.
IOU Chart, page-1251
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.03M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.4¢ | $40.35K | 2.788M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 124961 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 1403812 | 4 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| OVT (ASX) Chart |