Prior thesis seems to be intact and downward trend has comfortably turned upward.
Blue channel continues to explain SP nicely
Fun Fact: We are now above the closing price of the day prior to the FDA hold announcement on 17th Jan.
Now looking for points of resistance: Big fat teal oval on chart shows a bit of congestion around 20c but this is inside our breakout zone and I can't see it affecting much.
I have circled the two spikes around 24 and 25 to highlight the difference between purple and maroon, but my cleaner has just told me it is actually purple and byzantine which I will google later when she has gone.
Big green oval is the mother gap which is sucking us in towards 28.5 faster than the airlock on Scrooge Mc Duck's money vault. In the absence of FA and macro influence the blue channel would deliver us here around mid to late August, but it is never that easy (or is it??)
If you look at the sell orders in the queue below there isn't much on the sell side at all. If you excuse the champion at 99 there wouldn't be any shares for sale beyond the gap. Yet there will always be sellers drawn out over time, like the sad individual who just offered their pitiful 3898 units for sale at 18 (probably Bucky and Brown Hornet's joint shorting account) which just goes to show that we should never read too much into the queue. Except to say that there are over 400,000 units sitting happily between 17.5 and the support level of 15.5 which is a vote of confidence in the breakout.
Also, please ignore the 3mil units on the buy at 12.5 I doubt anyone with that kind of money would A. choose that price level as a strategic entry and B. just have it flopped on the counter like that
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Last
17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $83.69M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.0¢ | $80.53K | 478.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 120802 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 907894 | 2 |
View Market Depth
| Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
| NUZ (ASX) Chart |