As always, there is always a possible negative & a possible positive wave count.
The possible negative count, which is highly unlikely but all the same positive in the long term is that we are in the C wave of 2 having $2.07 the top of wave 1 & $1.34 the A wave of 2 & $1.75 the top of the B wave of 2.
The probable positive count is that wave 2 concluded at $1.34 & we are in wave 3. There are two possible counts within wave 3. The first being that $1.75 was the top of wave 1 of 3 & has a perfectly legitimate 5 wave count within that move. That means we are in a 2nd corrective wave of the move up in this third wave.
Now the exciting possibility is that the 1st move up in this 3rd wave concluded at $1.72 & since then we have had a running correction, $1.72 to $1.54 ($0.18) wave A, $1.54 to $1.75 ($0.21) wave B & $1.75 to $1.57 ($0.18) wave C.
You should note that waves A & C are of equal length with wave B ($1.75) breaking the top of wave 1 ($1.72). That constitutes a running correction. The strong buying orders on the market at the moment seems to indicate that the share price is unlikely to go below $1.57.
A running correction is an indication of strength & a strong positive move should be anticipated.
The current length of waves within wave 3 indicates that these current waves are part of the 1st of the 1st of the 3rd.
The two positive wave counts indicate 3rd wave targets of $3.93 or $4.14.
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50.0¢ |
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Mkt cap ! $68.67M |
Open | High | Low | Value | Volume |
48.5¢ | 50.0¢ | 48.5¢ | $7.837K | 16.02K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4134 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4134 | 0.485 |
1 | 1157 | 0.475 |
2 | 33000 | 0.470 |
1 | 17391 | 0.460 |
2 | 10000 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 10000 | 1 |
0.505 | 9591 | 1 |
0.525 | 6375 | 2 |
0.530 | 24999 | 2 |
0.600 | 10000 | 2 |
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