The HOURLY lr chart (the canary in the coalmine) from the $5.66c. high on 25/10/22 to the $3.355c. low on 23/03/23, generated an upper CHANNEL RANGE of 93c.
From 23/03/23 onward , key upside HORIZONTAL resistance/support levels, and/or TP's are forward looking (extrapolated)........are PREDICTIVE in nature......and will be (generally) MULTIPLES of THAT range, including rmp's (range mid points).
Expect further down side.......with the next TP/SUPPORT test @ $3.92c.
Cheers .
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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3 | 20704 | 2.840 |
5 | 59753 | 2.830 |
3 | 3050 | 2.820 |
4 | 18626 | 2.810 |
Price($) | Vol. | No. |
---|---|---|
2.890 | 41382 | 3 |
2.900 | 70718 | 11 |
2.910 | 18569 | 3 |
2.920 | 8000 | 2 |
2.930 | 35285 | 4 |
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