Horizontal support now broken, next support at 13c. Yikes!
Based on the order book, there is a good chance we can make it there. Lets see if any buyers come in under 20c, or if it capitulates down to this next level.
Monthly chart below, one thing I can say is the volumes are super low over the last 12 months. MACD has indicated that selling momentum has let up since late 2023, and we have been in a largely sideways correction, will this be the false breakdown before we start a new uptrend.
Monthly On Balance Volume has remained fairly steady, as expected with minimal turnover.
If I was a long term investor, and I believed we will have a good road to site, I'd be going into hoover mode for everything under 20c.
NVA Chart, page-2001
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $43.01M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 20.0¢ | $25.25K | 126.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 114334 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 2192 | 1 |
View Market Depth
| Last trade - 15.32pm 19/06/2024 (20 minute delay) ? |
| NVA (ASX) Chart |