Morning folks. Here's my look at the tea leaves based on this years trading. We are sitting on the resistance line to the black Tuesday mini downtrend within the longer term downtrend of the high of 42 cents in April.
Hopefully we will hold the line at 20 cents and this will become support as momentum carries us towards breaking the downtrend resistance at 24 cents.
Once we break the downtrend ( possibly on the back of some increased institutional buying) next stop will be the 28-33 cent zone where we will probably find increased supply due to those "trapped" in the CR loss scenario will possibly seek to move on.
Finally perhaps a merry christmas if the stars are in alignment and the SEC finally decides to give us the green light to list on the NASDAQ we should smash through resistance at 33 cents and then it's probably wildly speculatative blue sky country from there for a while.
All IMHO and DYOR of course :)
charts, page-9
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Last
39.5¢ |
Change
-0.010(2.47%) |
Mkt cap ! $573.7M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 40.8¢ | 39.0¢ | $1.291M | 3.270M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 160217 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 119125 | 4 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| IMM (ASX) Chart |