Hi Folks
A quick follow up of my speculative chart post after todays ex-div action.
We closed the gap easily today setting a new recent low (since the peak at (c)) of 3.96 then closing at 4.07.
As I stated in yesterdays post I am very interested as to where this new lower low ends up as it changes the possibilities I described earlier.
Current options of where my new lower low forms labelled as " (d) ? where"
Early turn: Any bottom low between 3.80 - 3.96
Zone 1 turn : Downward FIB extention from (c) 23.6 - 38.2% being a low between 3.64-3.80.
Zone 2 turn : Downward FIB extention from (c) 38.2 - 50% being a low between 3.50 - 3.64
Zone 3 turn : Downward FIB extention from (c) 50 - 61.8% being a low between 3.37 - 3.50
I suspect that this lower low will form in maybe around 3-4 weeks from now with a number of bounces along the way. So I am presently just watching but favour somewhere in zones 1 and 2. An important level is 3.57 which was a low that occurred on the 3rd Jan.
Just the way I deal with the market so that I am not surprised by what plays out, as always DYOR.
cheers Lies
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Last
$3.07 |
Change
-0.190(5.83%) |
Mkt cap ! $9.239B |
Open | High | Low | Value | Volume |
$3.19 | $3.20 | $3.07 | $96.53M | 30.85M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
41 | 815921 | $3.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.08 | 309816 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 195171 | 3.060 |
50 | 157222 | 3.050 |
9 | 32502 | 3.040 |
15 | 74596 | 3.030 |
14 | 32496 | 3.020 |
Price($) | Vol. | No. |
---|---|---|
3.090 | 400231 | 3 |
3.110 | 17026 | 2 |
3.120 | 19982 | 6 |
3.130 | 28145 | 4 |
3.140 | 28903 | 5 |
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