Liking the look of the chart, here's why,
We have built a nice base since the start of this year.
We recently broke above resistance on good volume (though have come back to re-test it and dipped under again)
We now have a clearly defined wave structure in place ie wave one has completed its run up from end sept to end oct,wave two has completed its retracement into the 50 to 61.8% buy zone at 74 cents, which means we should be on wave three now with a target zone of $1.10 to $1.20 which is the 50 to 61.8% retracement level of the whole move down from the highs at $1.60
What i'me not liking is fridays candle and one other thing worth saying is that if it goes below 72cents (the 61.8% retracement level of wave one) then it could mean a failure of the pattern?
cheers
filbert
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Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.76M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 99554 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 70000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 99554 | 0.033 |
3 | 191854 | 0.032 |
1 | 25000 | 0.031 |
5 | 963353 | 0.030 |
4 | 347258 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 70000 | 1 |
0.039 | 327212 | 3 |
0.040 | 1420935 | 3 |
0.041 | 78720 | 1 |
0.042 | 100000 | 1 |
Last trade - 16.12pm 09/07/2024 (20 minute delay) ? |
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