OK Here we are again with the sp now firmly established in box 6 and the immediate support at $0.15 appears to be failing if the close is any indication but that is not always a good indicator, particularly with PSY.
If the sp is going to get another nudge down then I would expect that the previous low last Wednesday at $0.14 to be a short term support or even a possible turn point.
If $0.14 fails the I am guessing that the current pattern will continue down to $0.13.
The only thing I can see in our favour atm is that we are currently banging against the long term down trend line.
An announcement tomorrow or Friday and that would be gone.
A close above $0.155 would also break it but atm one would have to think that $0.15 is going to be resistance & by Friday the sp will be following the trend line down to $0.14 or lower.
If I was going to try my luck I would take a punt on placing a buy at $0.14 with $0.15 as a target.
Whatever happens next is anybody’s guess and an announcement would change the whole show.
The conversion of options was a good start but something a bit more substantial would be better.
Time for a big announcement to stop the rot.
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $2.796M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.1¢ | $591 | 49.64K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 2014831 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 160554 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 2014831 | 0.011 |
3 | 622818 | 0.010 |
2 | 105333 | 0.009 |
2 | 190682 | 0.008 |
2 | 964356 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 160554 | 4 |
0.015 | 211149 | 3 |
0.016 | 97844 | 2 |
0.017 | 250000 | 1 |
0.018 | 418098 | 3 |
Last trade - 13.33pm 04/09/2024 (20 minute delay) ? |
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