Technically this stock has a habit of forming power triangles with flat tops from which it breaks out in the upward direction, but since its long term trend has been down these have not held and each time it has fallen below its base.
I was hoping that since the down resistance line had broken that the intermediate up trend would hold and consolidate.
But I agree with acouch, there is more down side to come before this stock turns.
Regards
Stuart
views on medium term, page-4
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Last
27.0¢ |
Change
0.030(12.5%) |
Mkt cap ! $106.6M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 27.0¢ | 25.0¢ | $116.6K | 448.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 78000 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 83615 | 2 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| MRL (ASX) Chart |