I have support levels of 6.4c which will be tested today, 5.7c, and 5c.
All indicators are trending lower, but they are only used as a trend guide. If buying came in, they could turn just as quickly, but it doesn't look that way at the moment.
Looks like a massive pump and dump. Insiders set before the announcement, and dumped big time when the news came out. Then all the day traders got caught holding stock, and had to cut their losses, and dump the stock again.
I expect the share price to start consolidating/gaining after the T+3 traders are gone.
Big question is will it be driven down to 5c by then? I personally don't think so, but have been wrong many a time before.
Noggie
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Last
35.5¢ |
Change
0.060(20.3%) |
Mkt cap ! $515.6M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 37.5¢ | 33.5¢ | $6.427M | 18.03M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 133736 | 5 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |