This is a simple 5 hour chart. You will notice there is one 5 hour candle that has dipped below the red dotted line. Market depth confirmed that no one was going to backstop this from falling further.
It was not going to close the day above the line which it had been doing for 9 months. That is called a trend. And it changed when it failed to close above it.
You will notice a few months prior that it dipped briefly below the line. The difference between now and then was market interest. It rebounded strongly whereas this time it slumped.
Number one rule of small cap investing. ALWAYS PRESERVE YOUR CAPITAL!
BTW, rich people use the internet too.
bsm, page-48
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 (20min delay)
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Last
4.5¢ |
Change
-0.005(10.0%) |
Mkt cap ! $8.156M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.8¢ | 4.4¢ | $16.39K | 363.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500000 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 200000 | 1 |
View Market Depth
| Last trade - 15.44pm 28/06/2024 (20 minute delay) ? |
| GW1 (ASX) Chart |