Agreed peaceAKKI.
The chart clearly shows reducing volume on the move down into this 8.2c range which leads me to believe selling is drying up fast.
Todays price action showed the SP being sold down early on then bouncing straight back up on low volume. This indicates to me no one is selling and I'm expecting a rally from here.
You will notice similar price action has occurred in the last few months and each time a strong rally has proceeded.
another good night on nasdaq, page-12
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Last
29.0¢ |
Change
0.020(7.41%) |
Mkt cap ! $421.8M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 29.5¢ | 27.0¢ | $1.138M | 3.985M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 63444 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 65000 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| IMM (ASX) Chart |