This morning broke the 38.2% fib line. If it remains where it is then could be in a trading channel. If not the 50% Fib mark is the next support level at 2.9/3.0 from the lows of 2.1. I purposely ignored the low of 2.0 as it was very low volume "noise".
Notable on the IC chart the 3.1c support is also the long term resistance line from July 2013 (now support) at 3.1. Bots are busy again today but only one paltry trade for 50,000 at 3.1...
Had to "draw" in the intraday for this morning on IC chart as it isn't live data for me. However the result is the same. A Commsec chart with the possible scenarios as well.
A bounce from here is very likely IMO...if support at 3.1 holds.
Commsec Intraday...
IC Chart with Fib lines...
3.1c, page-6
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 (20min delay)
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Last
8.6¢ |
Change
-0.002(1.72%) |
Mkt cap ! $274.0M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.0¢ | 8.5¢ | $357.7K | 4.069M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1432605 | 8.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.6¢ | 641951 | 20 |
View Market Depth
| Last trade - 11.58am 07/11/2024 (20 minute delay) ? |
| PEN (ASX) Chart |