Looking at the chart prior to Friday. It did look like a Rounded bottom pattern with handle. After Friday's action and a few more signals coming to light. I can also see this as a 5 + 3 wave pattern. With us sitting in the A corrective phaze. My strategy is now to receive the confirmation of
A) It being a handle, therefore we should see a continuation on Monday.
B) It has in fact entered the A,B,C corrective waves and we see a retrace to 4.8.
As I'm not in at present. I am only awaiting the confirmation before I re-enter. Higher lows are only one signal. We always have to take the entire charting landscape into account. Without higher lows the 5 + 3 wave pattern would be unable to form.
All in my opinion.
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $183.6M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.0¢ | $81.98K | 410.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 185081 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 134814 | 1 |
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| Last trade - 15.47pm 23/06/2025 (20 minute delay) ? |
| NMR (ASX) Chart |