Surely not, and yet the stock seems to have a chart based case for finding and testing 75/76c.
Thats not good news for anyone holding from $1 plus.
I might look for an entry a bit lower with a tight stop below 75c. Seems to have the fundamentals and it has certainly traded tightly to Fibonnaci so I don't see why it wont do so for the full trip back down to the 61.8% retrace. You can see it slavishly hanging in under the 50% at 90c. A bounce on news from the NW Shelf might prove to be a short lived rally until this pattern is seen through.
more down side maybe
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Last
29.0¢ |
Change
0.010(3.57%) |
Mkt cap ! $84.59M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 29.5¢ | 27.5¢ | $34.26K | 119.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 33374 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 1573 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| NXS (ASX) Chart |