The move below 70c was the biggest false break out I have seen in my 12 years of full time trading/investing.... The level of selling below 70c which was roughly 20k was extremely small and thanks for the automated stops the low of 65.5c makes it look far more dramatic than the reality of it....
Forget about trend lines now as they are useless after multi months of consolidation, they are of the most value immediately after the run up...
Todays price action is bullish and a close near the highs would indicate to me that the low is in place.....
EMC Chart, page-1182
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $135.1M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.5¢ | $1.293K | 10.34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 81412 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 59700 | 2 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| FLC (ASX) Chart |