worrying over some half arsed 'analyst' commentary is another waste of energy. It may have a temporary sway on the easily emotionally moved retail investor, but this crowd seldom* can move a chart. Deep pockets move share prices, deep pockets are achieved over time with sound mature investing often using an information edge. This usually is seen long before a chart move due to their superior information channels. They often sell the news (which explains often enough why prices retrace on such positive news).
A lazy interview where they apparently state they know nothing about the company does not register on the radar of confident investors who act only on their own research. Lazy interviews can have minimal at best impact.
Some of you guys would serve your interests so much better to invest time into better understanding market psychology & strategies. The anxiety must be exhausting and clouding your judgement surely.
On the hourly, big stopping volume stepped in to soak the supply and created a likely floor. The long wicked candles at the bottom can be thought of as 'nailing in a floor' which was penned by Steve Nison. Ideally, volatility will tighten up as supply and demand find harmony for a bit. I'll also note that price touched a vwap that I've plotted from a major change of character in the chart and found support there - this could be the designs of an accumulation strategy/ a place where demand will continue to appear.
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Last
$1.92 |
Change
-0.005(0.26%) |
Mkt cap ! $361.7M |
Open | High | Low | Value | Volume |
$1.97 | $1.99 | $1.92 | $1.285M | 663.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 21248 | $1.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.92 | 4652 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 21248 | 1.915 |
6 | 31402 | 1.910 |
4 | 12440 | 1.905 |
31 | 113909 | 1.900 |
4 | 41955 | 1.890 |
Price($) | Vol. | No. |
---|---|---|
1.920 | 4652 | 1 |
1.945 | 2862 | 1 |
1.950 | 13362 | 3 |
1.955 | 22862 | 2 |
1.960 | 2862 | 1 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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