I don’t usually look for candlestick indications in short term trading activity but it’s too good to ignore here. A close above 55c will mark 6 trading days with ‘step-ladder’ momentum. Green, Red pattern increasing at a decreasing rate. Standard accumulation approach when a tree-shake is occurring. Relatively similar to activity in March-2023 when we gapped from $1 to $1.6. Slightly resembling December activity in a similar gap from 60c to mid 80s. We’ll know what day news drops or large buyers decide they want to open up the throttle as it’ll be a 15-30% increase.
The volumes we are seeing are also indicative of a gap up. Price increases seeing large volumes, decreases showing significantly smaller volume days, evidence that it is a buyers market. Every possibility we see tomorrow continue this trend with a substantial buying day, news dropping or both. It’s a trend until it breaks it, but the chances of flipping a coin 6 times in a row and predicting the correct outcome is 1 in 64. Proving that the chances of this trading pattern being random are 63-1.
Tomorrow will be tell tale, if my prediction is correct, large volume, another 5-10% increase above closing price today (~60c). Then we are set to gap into the expected 80c range.
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Last
38.5¢ |
Change
-0.025(6.10%) |
Mkt cap ! $67.05M |
Open | High | Low | Value | Volume |
41.0¢ | 41.0¢ | 38.5¢ | $25.65K | 65.61K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 27600 | 38.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 2 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 27600 | 0.380 |
2 | 30000 | 0.375 |
4 | 16139 | 0.370 |
3 | 5451 | 0.365 |
4 | 30872 | 0.360 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 2 | 1 |
0.395 | 11162 | 5 |
0.400 | 53405 | 4 |
0.405 | 1831 | 1 |
0.410 | 40622 | 2 |
Last trade - 14.39pm 08/10/2024 (20 minute delay) ? |
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