Today sp closed at the support of the descending wedge formed since 18 Oct, and a bounce should begin tomorrow, unless US market collapsed tonight. Even that happens a sizeable bounce should start early next week. I bought a humble position at the close today.
Given market needs to absorb new shares issued at 1.53, it is quite likely sp may capitulate within a month. That will offer a good buying opportunity.
This is my personal view only, please DYOR.
a new low!!, page-66
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Last
0.7¢ |
Change
0.002(40.0%) |
Mkt cap ! $155.0M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.7¢ | 0.3¢ | $19.55K | 3.366M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1300066 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 3596142 | 7 |
View Market Depth
| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| ERA (ASX) Chart |