This is looking extremely bullish.... Gonna be a wild ride.
Those dollar volumes are incredible. Millions of dollars flooding in. Very likely institutional buying. Volume draining down to a narrow price point suggests heavy accumulation with sellers disappearing fast.
On patterns it's looking like a pretty spectacular VCP coming off the back of a cup and saucer breakout. Momentum indicators and avwaps suggest exaggerated strength potential. Moving averages are about to turn long term bullish according to minervini trend template with 150sma about to cross the 200sma and of course 50 at the top. All three pointing up and to the right.
Something is going on here guys!!
Chart thread, page-567
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $58.76M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $134.4K | 848.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 686541 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 3209 | 1 |
View Market Depth
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| AL3 (ASX) Chart |